The AUD/USD pair trades with a positive bias for the third straight day on Thursday and is currently placed comfortably above the 0.6700 round-figure mark.
AUD/USD attracts some buyers for the third straight day despite weaker Aussie trade balance data. September Fed rate cut bets keep the USD bulls on the defensive and lend some support to the pair. Holiday-thinned liquidity warrants some caution for bullish traders ahead of the US NFP on Friday. Spot prices remain well within the striking distance of a nearly seven-month peak touched on Wednesday and seem poised to build on the overnight breakout through a multi-week-old range.
The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.
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