US dollar weaker across the board

Australian Dollar: After opening at a rate of 0.9030 when valued against its US Counterpart yesterday the Australian dollar tumbled during late morning trade following a report which showed the Australian economy shed 3700 jobs in January. Falling well short of what was expected, economist had forecasted a rise in employment of 15 000, instead the official unemployment rate now sits at 6 percent, its highest level since 2003. Dropping to an intraday low of 0.8926 pressure has no doubt



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