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The Australian Dollar was among the weakest performers within the G8 currency group on Thursday, pressured by a disappointing domestic employment report and a broader risk-off tone in the markets, which lifted demand for safe-haven assets like the US Dollar.

According to data released by the Australian Bureau of Statistics, the Unemployment Rate rose to 4.3% in June—its highest level in five years—missing expectations for an unchanged reading of 4.1%.

EUR/USD has gained upward momentum and is trading above the 1.1600 level during the European session on Monday. The pair is supported by a softer US Dollar, weighed down by ongoing uncertainty surrounding the Federal Reserve’s rate-cut outlook and the prospects of a US-EU trade agreement. With no major economic data releases scheduled, these themes dominate market sentiment.

Last week, the USD initially strengthened on the back of better-than-expected macroeconomic data. US Retail Sales rose 0.6% in June, significantly above the 0.1% forecast, while Initial Jobless Claims declined to 221,000 from 228,000.

The AUD/USD pair extends its recovery from the mid-0.6400s — a three-and-a-half-week low — and gains solid traction on Friday. The upward momentum remains strong through the first half of the European session, pushing the pair above the key 0.6500 psychological level.

The US Dollar (USD) weakens following dovish remarks from Federal Reserve Governor Christopher Waller, who suggested a rate cut in July due to rising economic risks. This, coupled with a generally upbeat mood in equity markets, reduces demand for the safe-haven USD and supports the risk-sensitive Australian Dollar.

EUR/USD extended Friday’s gains to break above the 1.1700 mark, reaching multi-day highs in a strong start to the trading week. The pair’s upward move was driven by renewed weakness in the US Dollar, weighed down by ongoing trade tensions and uncertainty surrounding the Federal Reserve’s policy direction.

Minutes from the Fed’s June meeting revealed a split among policymakers—some advocating for immediate rate cuts, while others preferred a wait-and-see approach until the full impact of proposed tariffs on inflation becomes clearer.

AUD/USD continued to build on last week’s rebound from the 0.6450 region, climbing back above the key 0.6500 level as the US Dollar faced heavy selling pressure. Ongoing trade tensions further supported the bullish momentum for the Australian Dollar.

Despite a soft domestic backdrop, optimism around the AUD held firm on Monday. Australia's latest labour market data offered little encouragement—unemployment inched higher to 4.3%, and job creation was limited to just 2,000 new positions. Meanwhile, the participation rate saw only a slight uptick to 67.1%. Consumer inflation expectations also eased in July, dipping to 4.7% from 5.0% in June.

EUR/USD extends its rally, climbing to fresh two-week highs near 1.1760 on Tuesday, as persistent US Dollar weakness drives the pair higher. The Greenback remains under pressure amid ongoing trade tensions and heightened market focus on the escalating spat between former President Trump and Fed Chair Powell.

The euro maintained its upward momentum, decisively breaking above the 1.1700 level and marking its third consecutive daily gain. This strong move coincided with a sharp pullback in the US Dollar Index (DXY), weighed down by concerns over the Fed’s independence, falling US Treasury yields, and broader risk sentiment.

The AUD/USD pair continues its upward momentum for the fourth consecutive session on Wednesday, climbing toward the 0.6580 level.The Australian Dollar is gaining broadly amid a buoyant market sentiment, supported by improved risk appetite following confirmation of a trade agreement between the United States and Japan.
On Tuesday, U.S. Treasury Secretary Scott Bessent confirmed that officials from Washington and Beijing are scheduled to meet next week in Stockholm to discuss rebalancing the U.S.–China trade relationship, according to Reuters.

Domestically, the release of dovish minutes from the Reserve Bank of Australia's (RBA) recent policy meeting suggests that policymakers remain open to further interest rate cuts in the near term.

EUR/USD reverses course on Wednesday, snapping a three-day winning streak as renewed strength in the US Dollar drives the pair back toward the low 1.1700s. The Greenback regains ground following the announcement of a US–Japan trade agreement, providing fresh support.
After a bullish start to the week, EUR/USD moves lower, slipping below the 1.1750 mark. Traders are now focused on upcoming developments in trade talks between the European Union and the United States.

The US Dollar remains resilient midweek as optimism over the US–Japan trade deal helps ease concerns about a potential economic downturn. Further bolstering sentiment, President Donald Trump confirmed that EU representatives are in Washington on Wednesday for the next round of trade negotiations. Meanwhile, the US Dollar Index (DXY), which tracks the USD against a basket of six major currencies, holds modest gains near 97.50 after recovering nearly 1% from its recent two-day dip.

The Australian Dollar is retreating slightly after reaching an eight-month high of 0.6625 earlier today, as the US Dollar trims recent losses. Despite the pullback, the AUD remains above the 0.6600 level, consolidating its recent 2% rally over the past five days.

Investor sentiment has improved amid progress on global trade negotiations. The trade agreement between the US and Japan, along with optimism surrounding a potential deal with the Eurozone, has eased fears of a global trade war and boosted risk appetite.

EUR/USD remains under mild downward pressure but continues to trade above the 1.1700 level, extending the decline seen on Thursday. The US Dollar (USD), meanwhile, is holding firm amid optimism surrounding improving US-China relations, although the ongoing tension between former President Trump and Federal Reserve Chair Powell continues to dominate the news cycle.

Currently, the pair is trading near 1.1750 after a modestly lower close on Thursday. The downside appears limited for now, with the Euro finding some support from the European Central Bank’s (ECB) cautious stance on further policy easing.

The Australian Dollar extended its decline against the US Dollar on Monday, marking its third consecutive session of losses. However, the AUD/USD pair managed to recover some ground following the announcement of a new trade agreement between the United States and the European Union.

Meanwhile, the US Dollar Index (DXY), which tracks the performance of the USD against a basket of six major currencies, is trading sideways around 97.60 after two days of gains. The Greenback’s momentum has stalled as market sentiment improves in response to the US-EU trade deal.