$A lower since healthy US jobs data

THE Australian dollar is lower following the release of healthy US jobs data that boosted the greenback.

At 1200 AEST on Monday, the local unit was trading at 90.48 US cents, down from 91.42 cents on Friday.

The currency fell from 91.80 US cents late Friday night to 90.49 US cents three hours later after the American labour department revealed 195,000 US jobs were created in June, well above the consensus prediction of 166,000 new positions.

Commonwealth Bank currency strategist Joseph Capurso said the local currency had traded within a tight range since the fall, because there had been nothing around on global markets to drive the Australian dollar either way.

“You saw that big move on Friday night and it’s done virtually nothing at all since,” Mr Capurso said.

“We’ve seen that reaction and now we’re just waiting for some news, some direction from either data or policy makers.”

Mr Capurso said investors would now await the release of Chinese inflation data on Tuesday.

Meanwhile, Australian bond futures prices were lower.

At 1200 AEST, the September 10-year bond futures contract was trading at 96.060 (implying a yield of 3.940 per cent), down from 96.165 (3.835 per cent) on Friday.

The September three-year bond futures contract was at 97.080 (2.920 per cent), down from 97.130 (2.870 per cent).