The Australian dollar fell against its US counterpart and the Japanese yen after the report about the US employment showed a very depressing result, reducing attractiveness of
The depressing US payrolls report caused a surge of risk aversion on the Forex market, hurting currencies related to growth, including the Australian dollar. The S&P 500 Index fell 1.1 percent. The Dow Jones Industrial Average slid 0.9 percent.
The employment in Australia showed a better result last month. Australian employers added 23,400 jobs last month, compared to the median forecast of 15,200. The unemployment rate stayed at 4.9 percent.
AUD/USD closed at 1.0753 after it opened at 1.0774 and decline to 1.0703. AUD/JPY retreated from 87.53 to 86.66.
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