The Australian dollar advanced after the nation reported robust jobs data, backing the case for more policy tightening by its central bank.
The Aussie rallied the most against the dollar among its Group-of-10 peers after the country said it added 32,600 new roles in June from a month ago, which surpassed the median estimate for a 15,000 rise
"The very strong labor market in Australia solidifies our expectation of one more RBA hike from here, with risk of a second one after that," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. "It will help nudge AUD/USD above the 0.69 high over the past month, but we are not wildly bullish AUD given China's economic slowdown".
AUD/USD jumped as much as 0.9% to 0.6835, marking its biggest rise in a week.
Bloomberg Dollar Spot Index was down 0.3%, while the yield on 10-year Treasuries was unchanged at 3.76%.
Source : Bloomberg
