Aust dollar slightly lower in late trade

By Elizabeth Redman

FXCM market analyst David de Ferranti said strong US non-farm payrolls data triggered broad-based US dollar strength. "While we have witnessed a spike higher for the greenback, it remains to be seen whether the move will have any follow-through," Mr de Ferranti said. "Next week the Australian dollar will be taking cues from the employment change figures due on Thursday. "At this stage even a slide in the unemployment rate would be unlikely to cause a shift in rhetoric from the RBA, which may limit the extent of an advance for the currency.

Read more here: Business Spectator


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