- AUD/USD slides to near 0.6520 as the US Dollar gains ground after a corrective move.
- Soft US JOLTS Job Openings data for July weighed on the US Dollar.
- Australian Trade Balance data for July came in unexpectedly stronger.
The AUD/USD pair falls to near 0.6520 during the European trading session on Thursday. The Aussie pair faces selling pressure as the US Dollar (USD) stabilizes after a sharp corrective move on Wednesday.
At the time of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades calmly near 98.20.
On Wednesday, the Greenback retraced after the release of the weaker-than-projected United States (US) JOLTS Job Openings data for July. The data showed that US employers posted a fresh 7.18 million jobs, missed expectations of 7.4 million, and came in lower than the prior reading of 7.36 million.
Soft job…
