The Australian dollar lost value on Thursday against the world's reserve currency for a second-straight day after the South Pacific nation released jobs data indicating the unemployment rate scaled to its top level since 2009, according to Bloomberg.
The Aussie is poised to be impacted by the U.S.' release of consumer spending data, which is likely to play a role in the decision-making process of the U.S. Federal Reserve regarding when it slashes stimulus. Fed policy makers are set to meet next Tuesday and Wednesday.
"The AUD perked up on the (employment) headlines but reversed all gains an hour later as the labor market overall still remains sluggish," head of Asia-Pacific FX research Annette Beacher with TD Securities in Singapore told Reuters on Thursday.
The Australian dollar fell roughly 0.2 percent against the U.S. dollar after dropping 1.1 percent on Wednesday against the greenback. The Aussie's losses on Thursday against the Japanese yen amounted to 0.1 percent after having fallen 1.5 percent on Wednesday against the monetary unit of the Pacific Rim nation.
The Aussie was nearing its 90-day trough against the greenback on Thursday, which it fell to last week, according to Reuters.
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