Aussie dollar tumbles on jobs data

UPDATE: The dollar has fallen more than a third of a US cent following the release of worse-than-expected jobs data.

The Australian dollar has fallen more than a third of a US cent following the release of worse-than-expected domestic employment figures.

Data released by the Australian Bureau of Statistics on Thursday show total employment fell by 27,000 in June while the unemployment rate rose to 5.2 per cent, from 5.1 per cent.

Economists had expected employment to remain flat in the month.

At 11.35 AEST the Australian dollar was trading at 102.03 US cents, down from 102.40 us cents at 11.29 (AEST), shortly before the data was released.
The currency finished Wednesday's local session at 102.23 US cents.