On Monday the Australian dollar hit a six-year trough against its U.S.
counterpart before regaining ground after the release of upbeat job
advertisement data from Australia. The gains were capped, however, as hopes for a U.S. rate hike continued to support the greenback.
AUD/USD hit 0.6949 during late Asian trade, the session high; the pair subsequently consolidated at 0.6933, higher 0.35%.
Data released earlier signaled that job advertisements in Australia rose by 1.0% last month after a 0.5% fall in July, whose figure was revised from a previously estimated 0.4% fall.
In the stock market, stocks in Southeast Asia fell hardest with benchmarks in the Philippines, Malaysia and Indonesia all down 1% or more.
Australia’s S&P ASX 200 was lower 0.6%, Japan’s Nikkei Stock Average was higher 0.38% and South Korea’s Kospi was flat.
The Shanghai Composite was lower 2.13%.
In the U.S., the Labor Department said on Friday that the economy added 173,000 jobs last month, slowing after an upwardly revised gain of 245,000 in July - the lowest increase in employment in five months and was below expectations for 220,000.
The jobs report failed to provide much clarity on when the U.S. central bank will decide to raise short term interest rates.