• AUD/USD slightly declined on Thursday, just below 0.6730.
• Newly released employment data sets the direction for possible RBA and Federal Reserve decisions.
• However, monetary divergences between both banks remain steady.

The Australian Dollar (AUD) suffered minor losses against the USD during Thursday's session, falling marginally to 0.6730. The AUD slightly faltered due to investor responses to both Australian and US labor market data that has provided further clues for the next Reserve Bank of Australia (RBA) and Federal Reserve decisions.

Despite the underperforming Australian economy, stubbornly high inflation pressures the RBA to defer rate cuts potentially limiting the AUD's downside. The RBA is anticipated to be among the final central banks within the G10 countries to introduce rate cuts, a factor that promises to sustain the AUD's momentum.