The Australian and New Zealand dollars traded flat on Friday, with the kiwi dollar holding at $0.5863 after a modest 0.3% dip overnight.
Market activity remained subdued as investors awaited key economic data that could reshape expectations for monetary policy in the region and the United States.
The pause in trading reflects a broader wait-and-see stance ahead of the release of the US nonfarm payrolls report.
The jobs data is expected to provide critical clues on the Federal Reserve’s rate outlook, potentially shifting the dial on the strength of the US dollar and its impact on commodity currencies.
The Australian dollar has maintained its position above US70¢, defying broader pressure from a strengthening greenback.
This resilience is largely driven by persistent market expectations that the Reserve Bank of Australia will continue to cut interest rates, providing a floor for the currency despite headwinds from global risk sentiment.