Australian Dollar sees mild losses after labor market data from the US and Australia

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The Australian Dollar (AUD) suffered minor losses against the USD during Thursday's session, falling marginally to 0.6730.

AUD/USD slightly declined on Thursday, just below 0.6730. Newly released employment data sets the direction for possible RBA and Federal Reserve decisions. However, monetary divergences between both banks remain steady. The Australian Dollar suffered minor losses against the USD during Thursday's session, falling marginally to 0.6730.

The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.

 

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