Australian Employment Data recovery Australia's Sustains

The Australian dollar rose from its lowest level in six years against the US counterpart on Monday, supported by data releases job advertisements in Australia that figure is optimistic, despite expectations for a US interest rate hike this month looks still provide support for the greenback.

AUDUSD currency pair hitting 0.6948 in the Asian session, which is the highest level of the session, the pair is currently consolidating at 0.6930, gaining around 0:31%.

Data today showed that job advertisements in Australia rose by 1% last month after falling by 0.5% in July, whose figure was revised from 0.4% previously to decline.

In the US, the Labor Department on Friday reported that the economy added 173,000 workers last month, the figure is slower than the increase that was revised to 245,000 in July. The growth rate in August was the lowest in five months and were below expectations for growth of 220,000.

Meanwhile, in another report showed that the unemployment rate fell to 5.1%, this is the lowest level since April 2008 from the level of 5.3% in July, while the value of the average hourly wage rose higher than expected at 2.2% level.

Employment data report fails to provide more clarity on when the US central bank will decide to Raise interest rates.

Aussie moved higher against the euro, with EURAUD movement down 0:46% at 1,6064.