Aussie Rises on Anticipation of Lower US Employment

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The Australian dollar rose today and is heading for the third weekly gain versus the greenback as today’s report expected to show that the US employment decreased.

The analysts expect that today’s report would show decrease of the US payrolls by 63,000. The MSCI Asia Pacific Index of regional shares went up 0.3 percent, improving the prospects for the Australian exports. The Aussie’s gains may be limited by the subdued outlook for Australia’s economic expansion.

AUD/USD traded near 0.9171 as of 7:17 GMT after it opened at 0.9160 and fell to 0.9134.