AUD/USD continues on a four-day winning streak, gearing up for the Reserve Bank of Australia's (RBA) interest rate decision set to be unveiled on Tuesday.
AUD/USD extends its gains on subdued US Dollar after weaker NFP data. Aussie Dollar receives upward support as the RBA is expected to increase interest rates by 25 basis points. Greenback faces challenges on Fed’s dovish tone regarding monetary policy tightening in December. The AUD/USD pair holds strong around 0.6520 during the Asian session on Monday, aiming to mark a three-month high.
US Bureau of Labor Statistics released US NFP data, revealing a figure of 150K for October. This fell short of the anticipated 180K and marked a significant decline from the 297K recorded in September. Average Hourly Earnings declined to 0.2% instead of being consistent at 0.3% as expected. While year-over-year came in at 4.1% against the 4.0% expectations.
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