Aust dollar falls in early trade

Local currency extends losses in wake of disappointing jobs data.

The Australian dollar is lower following weak unemployment figures and strong US data showing growth in the world's largest economy accelerated in the third quarter.

At 0630 AEDT, the local unit was trading at 94.53 US cents, down from 94.83 cents on Thursday.

The Australian dollar began tracking lower on Thursday following the release of jobs data showing Australia's unemployment rate was at 5.7% in October with the number of full-time jobs falling sharply.

Data overnight showed the US economy grew at an annual rate of 2.8 per cent in the third quarter, beating market expectations of 1.9%.

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