Friday saw the Australian dollar slip against the majority of its top rivals after economic data released by China noted imports fell more than expected in February, Bloomberg reports.
The customs administration of the Asian nation, which is Australia's top trade and commerce partner, indicated imports last month fell 15.2 percent as compared to figures from February 2012. Last month's losses come on the heels of gains of 28.8 percent in January.
"Positive U.S. payrolls is positive for the Aussie dollar," currency strategist Andrew Salter with Australia & New Zealand Banking Group Ltd. in Sydney told Bloomberg on Friday. "The outlook for the Australian dollar remains that it's very hard to construct a case where the currency goes down by a material amount."
China was set to see decreases of 8.5 percent, according the median amount in a survey administered by Bloomberg. Australian bonds slipped in value, which drove yields to their two-week highs.
The Aussie achieved its 28-year peak against the English pound and its 54-month height against the Japanese yen on Friday, The Sydney Morning Herald reports.
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