The Australian dollar rose after traders in the US and Europe welcomed surprisingly strong domestic jobs figures.
At 6.30am AEDT the currency was trading at 103.77 US cents, up from 103.64 cents at yesterday’s local close.
The Australian dollar rose to 104.02 US cents early this morning, its highest level since February 6, before giving up some of its overnight gains.
Figures released by the Australian Bureau of Statistics figures show total employment grew by 71,500 in February, the strongest jobs growth in over a decade.
Source:
http://www.theaustralian.com.au/business/markets/strong-jobs-data-boosts-australian-dollar/story-e6frg94o-1226597795530
