Australian employment unexpectedly rebounded in August following a surprise fall the previous month, signaling the labor market was able to absorb the impact of the central bank's interest rate hike.
The economy added 64,900 jobs last month compared to expectations for an increase of 25,000 jobs, according to data released by the Australian Bureau of Statistics (ABS).
Meanwhile, the unemployment rate remained unchanged at 3.7% as expected.
The Aussie dollar hit a one-week high of 0.6435 against the greenback, supporting the case for the Reserve Bank of Australia (RBA) to keep interest rates at record levels.
The governor who will replace Philip Lowe, Michele Bullock, has warned that policy decisions will be made month by month until at least next year.
The RBA has kept interest rates unchanged at 4.10% for four consecutive months in September.
The Aussie dollar's gains, however, remained limited as the US dollar continued to strengthen after US inflation data was published.
