The Australian dollar continues to hold near a two-month low as strong US jobs data adds further pressure to the currency. At 6. 45am (AEST), the local currency was trading at US92. 73c, up marginally from US92. 66c yesterday.
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.
Driving the losses was news yesterday that Australia's unemployment rate had hit a 12-year high, with the jobless rate ticking up to 6. 4 per cent in July, from 6 per cent in June.
Read more here: Business Spectator