Aussie Dips vs. Greenback Ahead of Employment Data

The Australian dollar ticked down against the US dollar today as traders waited for US non-farm payrolls. The losses were limited, and the currency gained against the Japanese yen at the same time.
Traders anticipated a positive employment report from the United States, and this helped the US currency to gain on the Australian one. Yesterday’s data about jobless claims in the USA added to the greenback’s appeal. AUD/USD did not drop far though the currency pair traded near the lowest level since July 2010. As most other currencies, the Aussie rallied against the very weak yen.
AUD/USD inched down from 0.8380 to 0.8371 as of 9:38 GMT today. AUD/JPY gained from 100.38 to 100.76.

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