Australian dollar higher on weak US jobs report

THE Australian dollar is higher at 93.66 US cents on the back of surprisingly weak US employment figures.

An Australian one-dollar coin is arranged for a photograph in Sydney, Australia, on Wednesday, April 17, 2013. Direct trading between the Australian dollar and yuan started on April 10. Photographer: Ian Waldie/Bloomberg

THE Australian dollar is higher on the back of surprisingly weak US employment figures.

At 0630 AEST on Monday, the local currency was trading at 93.66 US cents, up from 93.51 cents on Friday.

US employers added just 142,000 jobs in August, snapping a six-month streak of hiring above 200,000 and posting the smallest gain in eight months.

Originally published as Australian dollar higher on weak US jobs report