Aust dollar lifts after election

Local currency higher following Abbott's election, weaker US jobs data.

The Australian dollar is higher following the federal election and weak United States jobs data.

At 0630 AEST, the local unit was trading at 92.09 US cents, up from 91.47 cents on Friday.

The Australian dollar typically appreciates following federal elections.

The local currency was also given a boost by strong trade data out of China and greenback weakness following the release on Friday of a weaker-than-expected US jobs report for Augus