AUD/USD remains on track to post weekly gains.
US Dollar Index drops to 99.50 on Friday.
Falling US Treasury bond yields seem to be weighing on the greenback.
The AUD/USD pair dropped to a fresh session low of 0.6505 in the early trading hours of the American session with the initial reaction to the US jobs report. However, the broad-based selling pressure surrounding the USD helped the pair gain traction. As of writing, AUD/USD was up 0.72% on the day at 0.6541.
On a weekly basis, the pair is gaining more than 100 pips and remains on track to close sixth straight week in the positive territory