Investing.com - The Australian dollar rose off a six-year trough against its U.S. counterpart on Monday, supported by the release of upbeat job advertisement data from Australia, although hopes for a U.S. rate hike this month continued to lend support to the greenback.
AUD/USD hit 0.6949 during late Asian trade, the session high; the pair subsequently consolidated at 0.6930, gaining 0.31%.
The pair was likely to find support at 0.6901, Friday's low and a six-year trough and resistance at 0.7023, Friday's high.
Data earlier showed that job advertisements in Australia increased by 1.0% last month after a 0.5% slip in July, whose figure was revised from a previously estimated 0.4% fall.
In the U.S., the Labor Department reported on Friday that the economy added 173,000 jobs last month, slowing after an upwardly revised gain of 245,000 in July. It was the smallest increase in employment in five months and was below expectations for 220,000.
The unemployment rate ticked down to 5.1%, its lowest level since April 2008 from 5.3% in July, while average hourly wages rose by a stronger-than-expected 2.2%.
The jobs report failed to provide much clarity on when the U.S. central bank will decide to raise short term interest rates.
The Aussie was higher against the euro, with EUR/AUD declining 0.46% to 1.6064.