The Australian dollar steadied above $0.64 on Friday after a volatile week as investors looked ahead to next week's Reserve Bank of Australia policy decision. The Reserve Bank of Australia is widely expected to cut its cash rate by 25 basis points to 3.85%, but expectations for further easing have faded. Stronger-than-expected labour market data released earlier this week helped to temper expectations of a rate cut. Official data showed that the Australian economy added 89,000 jobs in April, far exceeding expectations for 20,000, and pushing total employment to a record high of 14.64 million. As a result, markets now price in around 75 basis points of rate cuts from the Reserve Bank of Australia by the end of the year, down from 100 basis points a few weeks ago. Meanwhile, the US-China trade deal helped ease concerns about a global economic slowdown, further supporting the risk-sensitive Aussie.