The Australian dollar has fallen to its lowest point in a week on news the national unemployment rate rose to 5.4 per cent in December.
At 1700 AEDT on Thursday, the local unit was trading at 105.10 US cents, down from 105.53 US cents on Wednesday afternoon.
The currency fell as low as 104.94 US cents, its lowest point in a week, during the afternoon session.
Commonwealth Bank currency strategist Joseph Capurso said the Australian dollar moved lower following the release of December employment figures, which showed the unemployment rate rose to 5.4 per cent in December, from 5.3 per cent the previous month.
"It dropped immediately following the data then rebounded, and then continued moving lower," Mr Capurso said.
The Australian Bureau of Statistics figures showed total employment fell 5,500 in December.
Mr Capurso said it had also been a weak session for risk assets like the Australian dollar across the globe.
He said the release of Chinese gross domestic product figures on Friday should provide a boost for the Australian dollar.
"I think it will be a better day and that should see us move back towards that 105.50 US cent level," Mr Capurso said.
At 1700 AEDT, the Australian dollar was at 93.23 Japanese yen, up from 93.03 yen on Wednesday, and at 79.12 euro cents, down from 79.41 euro cents.
Meanwhile, Australian bond futures prices have rallied in the wake of the jobs figures and falls on Asian stock markets.
"We started the day off quite strongly and we haven't really looked back from there," RBC capital markets fixed interest strategist Michael Turner said.
Mr Turner said strong demand for Australian bond futures was likely to continue during the European and US sessions overnight.
At 1630 AEDT on Thursday, the March 10-year bond futures contract was trading at 96.735 (implying a yield of 3.265 per cent), up from Wednesday's close of 96.665 (3.335 per cent).
The March three-year bond futures contract was at 97.310 (2.69 per cent), up from 97.240 (2.760 per cent) previously.
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