Australian dollar rises as US data disappoints

THE Australian dollar is higher after the US dollar fell on the back of some disappointing US new home sales and manufacturing data.

The US dollar fell after disappointing home sales and manufacturing data.

THE Australian dollar is higher after the US dollar fell on the back of some disappointing US new home sales and manufacturing data.

At 0630 AEST on Friday, the local unit was trading at 77.84 US cents, up from 77.28 cents on Thursday.

US new home sales fell 11.4 per cent in March to an annualised sales pace of 481,000, the lowest sales pace since November.

CURRENCY SNAPSHOT AT 0630 AEST ON FRIDAY

One Australian dollar buys:

* 77.84 US cents, from 77.28 cents on Thursday

* 93.05 Japanese yen, from 92.60 yen

* 71.88 euro cents, from 72.30 euro cents

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

Source: IRESS

Originally published as Australian dollar rises as US data disappoints