Aust dollar weaker in early trade

Local currency shrugs off positive economic news amid higher US dollar.

The Australian dollar is lower, shrugging off positive economic news from China amid a higher US dollar.

At 0630 AEDT on Tuesday, the local unit was trading at 93.58 US cents, down from 93.80 cents on Monday.

The Australian dollar has been under pressure since the Friday night release of better-than-expected US jobs data.

The stronger greenback has continued to weigh the Aussie dollar down, despite good economic data out of China over the weekend as well as positive local housing finance data on Monday.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free