AUD/USD weakened earlier in the day, before moving away from its 0.6568 low and recovering back to 0.6587.
Non Farm Payrolls data from United States will be released today at 13:30 UTC with analysts expecting a decline to 205,000. Potentially significant price fluctuations in the Australian dollar are expected to follow.
In contrast, positive data for Aussie-Dollar reported earlier when following a previous reading of 190,000, Initial Jobless Claims in United States released yesterday at 13:30 UTC fell short of the 195,000 figure expected by analysts with an actual reading of 211,000.
Meanwhile, Australia Building Approvals (MoM) came out at -27.6, while a consensus of analysts was expecting -27.6.
Though the Australian dollar has been dropping, other pairs have been performing better: GBP/JPY surges 1.07% to trade around 164.06. EUR/JPY rallies 0.69% to trade around 145.05. USD/JPY is up 0.56%.
Moreover, United States Non Farm Payrolls projected to come out at 205,000 — worse than previous data of 517,000; data will be released today at 13:30 UTC.
Furthermore, Australia CFTC AUD speculative net positions will be released today at 20:30 UTC. United States Unemployment Rate is expected today at 13:30 UTC.
This year has been a gloomy one for the Australian dollar after trading as high as 0.7581 and going on to lose 2.98% of its value.