The Australian Dollar (AUD) continued to weaken against the US Dollar (USD) on Friday.
The threat of tariffs from the Trump administration has boosted the US Dollar (USD) across the board and created a headwind for the AUD/USD pair. Additionally, speculation about a potential 10% tariff on Chinese goods could drag the AUD lower as China has been Australia's largest trading partner.
The AUD gained support after the release of mixed domestic employment data on Thursday.
The seasonally adjusted Employment Change rose by 35,600, bringing the total number of employed people to 14,535,500 in November. Meanwhile, the Unemployment Rate fell to 3.9%, the lowest since March, lower than the market forecast of 4.2%.
Source: FXStreet
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