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James GlynnSenior Reporter, The Wall Street Journal

Oil prices are putting a floor under the local unit, as the market eyes US jobs data.

The local unit has touched a five-month low in today’s session, as the greenback’s rally continues.

The dollar yesterday handed back gains for the week as foreign investors continued to see a risk of a rate cut.

The local unit remains on the back foot, despite upbeat Chinese data.

Reserve Bank chief Philip Lowe has left the door open to a further interest-rate cut, saying coming CPI data is important.

Daniel Palmer and James Glynn

The local unit was trading hands near a two-week high, boosted by Lowe’s and Yellen’s comments.

The local unit was bouyant in late trade, as focus turned to RBA minutes and upcoming testimony.

The local unit was swapping hands below US75.5c in late trade, as jobs disappointment weighed.

The local unit was more than half a cent stronger in late trade, with GDP tipped to grow at a four-year high.

The local unit is supported by expectations of a strong GDP print, and ebbing fears of an imminent Fed hike.