The Australian dollar (AUD) remained under selling pressure on Thursday. Disappointing Australian economic data and rising expectations of an early interest rate cut by the Reserve Bank of Australia (RBA) dragged the Aussie lower.
Additionally, concerns about potential import tariffs from President-elect Donald Trump may have contributed to the AUD's decline.
Traders will be eyeing the US Initial Jobless Claims and the weekly Goods Trade Balance on Thursday for fresh impetus.
Any sign of weaker US labor market data could undermine the greenback and help limit losses for the pair. On Friday, all eyes will be on the US Nonfarm Payrolls (NFP) report for November.
Source: FXStreet
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