• The US Dollar Index has pulled back from its yearly high, helping to limit the decline of the Aussie Dollar.
• Weak Australian labor data pushes the pair downwards on Friday.
• Hawkish bets on the RBA might also help the Aussie.

The AUD/USD pair rose by 0.20% to 0.6460 in Friday's session. The Australian Dollar staged a comeback as the US Dollar Index (DXY) pulled back from its yearly highs. However, the Aussie Dollar may face challenges due to recent weak domestic and Chinese economic data. On the bright side, Reserve Bank of Australia (RBA) Governor Bullock stated that current interest rates will remain unchanged until the bank gains confidence in the inflation outlook.

Weak Australian labor data, released on Friday, revealed a loss of 8,100 jobs during October, adding to concerns over the strength of the Australian economy. This, coupled with disappointing Chinese data, could cap the recovery of the Aussie Dollar in the near term. Despite these headwinds, the recent hawkish comments from RBA Governor Bullock, who hinted at the possibility of further rate hikes to tame inflation, could provide some support for the Australian Dollar.