Investing.com - The Australian dollar was lower against its U.S. counterpart on Monday, after disappointing Australian data, although Friday's strong U.S. jobs report still supported risk sentiment.
AUD/USD hit 0.9074 during late Asian trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.9085, shedding 0.21%.
The pair was likely to find support at 0.9004, the low of December 5 and resistance at 0.9146, the high of December 3.
Data earlier showed that job advertisements in Australia fell 0.8% in November, after a 0.1% downtick the previous month.
On Sunday, data showed that China’s trade surplus widened to USD33.8 billion last month from a surplus of USD31.1 billion in October, compared to estimates for a surplus of USD21.7 billion.
China is Australia's biggest export partner.
Elsewhere, Friday’s U.S. nonfarm payrolls report showed that the economy added 203,000 jobs in November, well above expectations for jobs growth of 180,000. The unemployment rate fell to a five year low of 7.0%.
The data bolstered optimism over the outlook for the economic recovery and reinforced expectations that the Federal Reserve will start reducing its USD85 billion-a-month stimulus program at one of its next few meetings.
The Aussie was also lower against the euro, with EUR/AUD adding 0.20% to 1.5083.
AUD/USD hit 0.9074 during late Asian trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.9085, shedding 0.21%.
The pair was likely to find support at 0.9004, the low of December 5 and resistance at 0.9146, the high of December 3.
Data earlier showed that job advertisements in Australia fell 0.8% in November, after a 0.1% downtick the previous month.
On Sunday, data showed that China’s trade surplus widened to USD33.8 billion last month from a surplus of USD31.1 billion in October, compared to estimates for a surplus of USD21.7 billion.
China is Australia's biggest export partner.
Elsewhere, Friday’s U.S. nonfarm payrolls report showed that the economy added 203,000 jobs in November, well above expectations for jobs growth of 180,000. The unemployment rate fell to a five year low of 7.0%.
The data bolstered optimism over the outlook for the economic recovery and reinforced expectations that the Federal Reserve will start reducing its USD85 billion-a-month stimulus program at one of its next few meetings.
The Aussie was also lower against the euro, with EUR/AUD adding 0.20% to 1.5083.