AUD/USD Declines Following Dismal Jobs Data, Report Shows
The AUD/USD pair has slipped to the lower end of its monthly trading range between 0.6440 and 0.6550. New labor force data from May reveals disappointing results, contributing to downward pressure on the pair according to BBH FX analysts. This lackluster performance raises concerns about the Australian economy’s growth prospects. Traders should keep an eye on upcoming economic indicators that could influence the Australian Dollar’s trajectory in the near term.