The Australian dollar weakened after better-than-expected US jobs data boosted the greenback against most major currencies.
At 6.30am AEDT the currency was trading at 102.09 US cents, down from 102.43 cents at Friday’s local close.
The Australian dollar fell on Friday night AEDT after US non-farm payrolls figures showed the unemployment rate fell 0.2 per cent to 7.7 per cent in February, with 236,000 jobs added to the economy.
The US jobs growth was stronger than economists had expected and lifted demand for the US dollar.
Source:
http://www.theaustralian.com.au/business/markets/australian-dollar-down-as-us-jobs-data-boosts-greenback/story-e6frg94o-1226594424183
