Australian dollar rises after weak US data

THE Australian dollar is three quarters of a US cent higher after the release of some disappointing US economic data.

Australian money background. Soft focus, shallow DOF, with lots of copy space.

THE Australian dollar is three quarters of a US cent higher after the release of some disappointing US economic data.

At 0630 AEST on Thursday, the currency was trading at 76.76 US cents, up from 76.00 cents on Wednesday.

US industrial production fell 0.6 per cent in March, twice what the market was expecting, because lower utility output fell as bad winter weather faded.

CURRENCY SNAPSHOT AT 0630 AEST ON THURSDAY

* 76.76 US cents, from 76.00 cents on Wednesday

* 76.45 Japanese yen, from 90.90 yen

* 71.84 euro cents, from 71.41 euro cents

(*Currency closes taken at 1700 AEST previous local session)

Source: IRESS

Originally published as Australian dollar rises after weak US data