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Posted: 2018-04-05 23:00:02

dollar2The Australian dollar is slightly lower, as the US dollar continues its recovery from recent declines, ahead of what is expected to be some strong US jobs figures to be released on Friday night (AEST).

At 0635 AEST on Friday, the local currency was worth 76.79 US cents, down from 76.93 US cents on Thursday.

BK Asset Management Managing Director of FX Strategy Kathy Lien said investors are positioning themselves for strong US labour market numbers.

One Australian dollar buys 82.47 Japanese yen, from 82.04 yen and 62.75 euro cents, from 62.71 euro cents.

AAP

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