The AUD/USD pair extends its losing streak for the fourth trading day on Thursday. The Aussie pair slides to near 0.6415 in the European trading session, the lowest level seen in almost two months.
The AUD/USD pair edges higher to near 0.6500 during the European trading session on Friday. The Aussie pair ticks up as the US Dollar (USD) struggles to hold Thursday’s recovery move that was driven by hotter-than-expected United States (US) Producer Price Index (PPI) data for July.
Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6%.