• AUD/USD climbs to 0.6377, marking a 0.71% gain, despite subdued market sentiment and upcoming data.
• US economic data presents a mixed bag, with unemployment claims below forecasts and a narrowing deficit.
• Australia reports a 4% export growth, with the RBA Financial Stability Review looming in the Asian session.

AUD/USD finds bids at around 0.6300 and climbs to a new three-day high at around 0.6377 as the New York session progresses after US economic data failed to underpin the Greenback (USD), which remains battered ahead of September’s US employment report. The pair is exchanging hands at 0.6369, gains 0.71%.

Aussie’s Dollar gains traction on overall US Dollar weakness, ahead of US Nonfarm Payrolls

Market sentiment remains subdued as traders brace for the Nonfarm Payrolls report. Analysts expect the US economy to add 170K jobs below August’s 187K, while the Unemployment Rate is expected to stay at 3.7%. Average Hourly Earnings are foreseen at 4.3%, unchanged and aligned with the previous reading.

Meanwhile, earlier in the North American session, Americans filing for unemployment increased by 207K, below forecasts. That would not deter the US Federal Reserve from maintaining rates higher for longer. At the same time, the US Department of Commerce revealed the US deficit narrowed in August.

On the Australian front, Australia’s exports grew by 4% after posting a 2% decline the previous month. Later in the Asian session, the economic docket would feature the Reserve Bank of Australia (RBA) Financial Stability Review