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Current Events 2012 www.news.com.au February 3, 2012 AAP THE Australian sawhorse eased covering downstairs 107 US cents but after transaction within a tight pad as the market awaited find jobs data from the US. At 5.00pm AEDT today the Australian clam was trading at 106.88 US cents, down from 107.16 cents on Thursday. Since 7.00am AEDT, the Australian dollar has traded between 106.70 US cents and 107.20 cents.   Yesterday the local anaesthetic currency reached an intraday raising of 107.58 US cents, its highest level since September 1, sooner falling back in afternoon trade.   RBC Capital Markets senior economic expert Su-Lin Ong said that by contrast the Aussie dollar had experienced a very quiet day today.   Its traded within a 30-point range - its biding time until the release of (US) non-farm payrolls tonight, so theres not been an monstrous lot of movement, she said.   In the absence of much local data, the local currency was looking to regional equities to influence its weak movement, Ms Ong said.   Asian equities are down slightly and thats probably weighed a little bit on the Aussie dollar.   But I infer its just a modest risk-off move in markets before the payrolls data, she said.

  The market is expecting a slightly weaker figure in the non-farm payrolls data, which is comprehend as a key indicator of the US labour party market and economy.   The Aussie could come under a bit of draw if we get a bit of a disappointing move, Ms Ong said of the US payrolls data.   Theres a bit of allude generally, and if equities come off further that could weigh on it, too.   ahead(predicate) of the Reserve Bank of Australias (RBA) highly anticipated cash stray decision on Tuesday, Ms Ong said the Australian dollar could gain greater support, depending on the statement explaining the decision.   The RBA decision could be reasonably supportive for the Aussie dollar, even if we do get a cut, she said.   The odds are that the statement accompanying it will be fairly... If you want to get a full essay, order it on our website: Orderessay

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