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Aussie edges lower at noon

2009-07-03 11:36:49
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The Australian dollar was lower at noon Friday as it slowly recovered from a body-blow in worse-than-expected US jobless data.

At 1200 AEST on Friday, the local currency was trading at $0.7959/63, down from Thursday's close of $0.8027/29.

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During the domestic session, the unit moved between $0.7904 and $0.7963.

Aussie declined in value following news the US economy shed 467,000 jobs in June to a 26-year high unemployment rate of 9.5 per cent, following a downwardly revised loss of 322,000 jobs the month before.






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