- AUD/USD builds on its intraday recovery from a four-month low amid the heavy USD selling bias.
- The mixed US jobs data dampens hopes for a 50 bps Fed rate hike in March and weigh on the buck.
- The RBA’s dovish shifts warrant some caution before placing fresh bullish bets around the major.
The AUD/USD pair stages a modest recovery from a fresh four-month low set earlier this Friday and the momentum picks up pace during the early North American session. The latest leg of a sudden spike in the last hour follows the release of the mixed US jobs data and lifts spot prices to a fresh daily peak, around the 0.6630 region.
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