AUD/USD rises to 3-day highs as NFP lift sentiment

AUD/USD wavered sharply posting fresh daily lows to quickly bounce to fresh highs in the aftermath of the stronger-than-expected nonfarm payrolls.

US economy added 287,000 jobs in June, beating expectations of 175,000 and marking the strongest level since October. Meanwhile, However, the unemployment rate rose to 4.9% in June from 4.7% in May.

AUD/USD initially fell to the 0.7470 area, as the greenback strengthened with the data, but then bounced toward a 3-day high of 0.7540 as risk appetite lifted commodity currencies and equities.