THE Australian dollar is slightly higher this morning, as it continues to trade on strong US data.
At 7am (AEDT) today, the Australian dollar was trading at US107.32c, up from 107.25c yesterday afternoon.The local currency rose to a six-month high of 107.95 over the weekend, following the release of US non-farm payroll figures for January, which showed an increase of 243,000 jobs.
Bank of New Zealand currency strategist Mike Jones said the weekend's highs had softened somewhat as news from Europe and the Greek debt problem influenced the market.
The Reserve Bank of Australia is due to release its decision on the cash rate at 2.30pm (AEDT) today.
