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U.S. Dollar Rests while AUD/USD below 0.8820

The U.S. dollar faded a little on Friday after two days of gains, as a run of mixed U.S. economic data left the market uncertain about its future direction.

Investors had no such doubts about the Australian dollar which was pinned near three-and-a-half year lows in the wake of disappointing jobs figures.

The Aussie traded at $0.8816, having slumped more than 1 percent on Thursday to $0.8777 — a low not seen since August 2010. Traders said good buying interest below 88 U.S. cents should provide some support for now.

Reuters [1]

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