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The Australian Dollar posted solid gains of more than 0.30% on Thursday against the Greenback after economic data from the United States (US) indicated the labor market is cooling.
Here is what you need to know on Friday, April 5: The US Dollar (USD) holds steady on Friday, with the USD Index staying in positive territory above 104.00 after falling below that level for the first time in two weeks on Thursday.
Hawkish commentary from Fed officials added to anxiety ahead of the crucial labor market update from the U.S. on Friday..
Towards the end of the week, the US Dollar (USD) managed to regain balance, reversing a three-day negative streak and reclaiming the area beyond the 104.00 barrier when gauged by the US Dollar Index (DXY).
Canadian Dollar drops for second consecutive day amid higher US Dollar.