AUD/USD extends gains amid mixed labor data, subdued US Dollar
Australian Dollar appreciates as the ASX 200 Index continues to gain ground on Thursday. Australia’s Employment Change came in at -6.6K and the Unemployment Rate increased by 3.8% in March. US President Joe Biden calls for tripling the existing 7.5% tariff rate on Chinese steel and aluminum. The decline in the US Treasury yields contributes to pressure to undermine the US Dollar.