THE Australian dollar is almost level, following a night of mixed economic data.
This morning the local unit was trading at US103.48c, slightly down from US103.50c on yesterday.
New claims for US unemployment insurance benefits fell last week to their lowest level since January 2008, a sign that employment growth may be picking up.
Earlier in the overnight session, it was revealed that the eurozone recession was getting worse.
The region's economy shrank 0.6 per cent in the December quarter, following a contraction of 0.1 per cent in the previous quarter.