The AUD/USD pair rebounds from 0.6630 in Thursday’s New York session.
AUD/USD bounces back from 0.6630 as higher than expected US weekly jobless claims weigh on the US Dollar. Investors look for US NFP data for fresh guidance on interest rates. RBA Bullock sees the possibility of further policy tightening if inflation appears to be persistent. The Aussie asset recovers as US Dollar falls back after higher-than-expected weekly United States Initial Jobless Claims for the week ending May 31.
According to the estimates, US employers added fresh 185K payrolls, which were lower than the former release of 175K. The Unemployment Rate is estimated to have remained steady at 3.9%. The Australian Dollar finds bids as Reserve Bank of Australia Governor Michele Bullock delivered a hawkish guidance on the interest rate outlook on Wednesday. Bullock indicated that the central bank is prepared to increase interest rates further if inflation doesn’t return to the target range of 1%-3%.
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