The AUD/USD pair holds gains above the round-level support of 0.6400 in Friday’s early New York session.
AUD/USD clings to gains above 0.6400 as market sentiment improves. The appeal for risky assets improved after reports from Iran indicated that the attack in Isfahan was exaggerated. Weak Australian Employment data positively influence speculation for early RBA rate cuts. The Aussie asset recovers as fears of further escalation in Middle East tensions ease after Iran reported that the drone attack did not harm nuclear facilities in Isfahan.
The US Dollar Index whipsaws around 106.00 as the appeal for risk-perceived assets improves. The near-term outlook of the US Dollar is still strong due to upbeat United States economic prospects. Meanwhile, weak Australian Employment data for March has strengthened speculation for early rate cuts by the Reserve Bank of Australia . According to the Australian Bureau of Statistics, employers fired 6.6K workers against expectations of fresh 7.2K hiring. In February, 117.
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