Australia’s trade balance returned to surplus, lifting the Australian dollar against the USD ahead of US jobs data.
The AUD/USD pair climbed to 0.7135 in early Asian trading on Thursday after Australia’s trade balance shifted back into surplus. The move followed the release of domestic trade data, which supported the currency’s strength against the US dollar.
Prior to the report, the pair had traded lower, reflecting broader USD strength and market caution ahead of key US economic releases. The May Nonfarm Payrolls report, due later in the day, is expected to influence Federal Reserve policy expectations and USD direction.
No immediate market reaction beyond the currency pair’s movement was reported in the session.