Australian dollar falls on better-than-expected US data
THE Australian dollar has slipped back below 78 US cents on the back of better-than-expected jobs figures out of the US.
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THE Australian dollar has slipped back below 78 US cents on the back of better-than-expected jobs figures out of the US.
At 0630 AEDT on Monday, the local currency was trading at 77.70 US cents, down from 78.41 cents on Friday.
The US economy pumped out a better-than-expected 257,000 new jobs in January, official figures showed, while wage growth rebounded firmly after December’s fall.
Originally published as Australian dollar falls on better-than-expected US data
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