PERTH: The Australian dollar has fallen to a new six-year low after mixed US jobs figures did little to dispel investor worries about a potential US rate rise next week.
In early morning trade on Monday, the dollar dropped to US68.96¢, its weakest level since April 2009 and down from US69.83¢ late on Friday. Around 8am it was fetching US69.23¢.
On Friday night, US Labor Department data showed that America’s unemployment rate fell to 5.1 per cent, the lowest since early 2008, while the economy added a lower-than-expected 173,000 new jobs last month.
