The Australian dollar (AUD) weakened on Friday. Disappointing economic growth could prompt the Reserve Bank of Australia (RBA) to adopt a more dovish stance at its monetary policy meeting next week, potentially setting up an interest rate cut in February. This, in turn, exerts selling pressure on the Aussie.
Traders will be closely watching the November US jobs report, including Nonfarm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings.
The US economy is expected to add 200,000 jobs in November after rising 12,000 in October. A weaker-than-expected reading could drag the greenback down and provide fresh air for AUD/USD.
Source: FXStreet
