AUD/USD climbs to 0.6640 as traders position themselves ahead of critical US labor market data, brushing off concerns over the RBA's hawkish policy outlook.
AUD trades 0.17% higher at 0.6640 against USD ahead of US NFP data, despite doubts about RBA rate hikes.
The Australian Dollar trades 0.17% higher against the US Dollar, reaching 0.6640 during Friday's European session. The currency pair maintains upward momentum despite growing market skepticism regarding further interest rate hikes from the Reserve Bank of Australia.
The AUD is currently benefiting from broader market positioning ahead of the US Non-Farm Payrolls report, which often drives short-term volatility in the USD.