Ella 
In early Asian trading on Monday, the AUD/USD continued to rise to around 0.6610. Investors will be closely watching the Reserve Bank of Australia’s (RBA) interest rate decision on Tuesday.
The U.S. job market slowed more than expected in April, with the annual wage rate falling below 4.0% for the first time in nearly three years, the U.S. Bureau of Labor Statistics reported on Friday. U.S. nonfarm payrolls (NFP) increased by 175,000 in April from 315,000 in March (revised to 303,000), below expectations of 243,000. The unemployment rate climbed to 3.9% in April from 3.8%, while average hourly earnings fell to an annual rate of 3.9% in April from 4.1% previously.
Investors have increased bets that the Federal Reserve will start interest rate calculations in September and expect the central bank to cut borrowing costs twice this year instead of just once before the data was released. This therefore weighs on the US dollar and boosts AUD/USD.
