• The Australian Dollar receives support following the release of the Aussie labor figures on Thursday.
• Australia’s Employment Change increased by 64.1K in September, bringing the total employment to a record 14.52 million.
• Traders anticipate the US Retail Sales data, with expectations for a 0.3% increase MoM in September, up from 0.1% prior.

The Australian Dollar (AUD) halts its three-day losing streak against the US Dollar (USD) after a strong Australian employment report was released on Thursday. The seasonally adjusted Employment Change in Australia surged by 64.1K in September, bringing the total employment to a record 14.52 million. This far surpassed market expectations of a 25.0K increase, following a revised rise of 42.6K in the previous month.

Meanwhile, Australia's seasonally adjusted Unemployment Rate remained steady at 4.1% in September, matching the revised figure for August and coming in lower than the anticipated 4.2%. The number of unemployed individuals decreased by 9.2K, down to 615,700.

The US Dollar (USD) found support from strong labor and inflation data, which has tempered expectations for aggressive easing by the Federal Reserve (Fed).

Traders are keenly awaiting the US Retail Sales data, set to be released later in the North American session. Expectations are for monthly consumer spending to increase by 0.3% in September, up from 0.1% in the previous reading.