The Australian dollar has consolidated an overnight rise based on strong jobs data.
At 1200 AEST, the local currency was 104.05, up from 103.91 on Thursday afternoon.
CMC Markets foreign exchange dealer Tim Waterer said better-than-expected labour force figures released on Thursday had sent the Australian dollar higher.
"Yesterday's robust employment figures were a real shot in the arm for the Aussie dollar," he said.
"That momentum's carried forward to today, and there's a better sentiment across the Asian currencies that are favouring the Australian dollar, too.
"Traders have been reluctant to go into those low-yielding currencies such as the US dollar and the yen."
Labour force data released on Thursday showed that 44,000 jobs were created in March, notably higher than the consensus prediction of a 5,000 rise.
Cautious commentary from US Federal Open Market Committee (FOMC) vice-chairman William Dudley overnight had also boosted markets, Mr Waterer said.
"Following the comments from Fed representatives this week, the market seems more inclined to expect the US interest rate to remain low until the middle of 2014," he said.
However, the Australian dollar appeared to have dropped from its position on Friday morning, following weak Chinese growth data released at midday.
The Chinese government reported growth of 8.1 percent in the three months ending in March - its weakest expansion since the second quarter of 2009.
Meanwhile, Australian bond future prices were higher on Friday.
The June 10-year bond futures contract was trading at 96.185 (implying a yield of 3.815 per cent), up from Thursday's close of 96.150 (3.850 per cent.)
The June three-year bond futures contract was at 96.720 (3.280), up from 96.690 (3.310 per cent).
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