The Australian dollar is a little lower against its US counterpart which has strengthened following strong US jobs data.

At 0635 AEDT on Monday, the Australian dollar was worth 75.11 US cents, down from 75.14 US cents on Friday.

US job growth in November increased solidly, painting a portrait of a healthy economy that analysts say does not need the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.

Nonfarm payrolls rose by 228,000 jobs amid broad gains in hiring as the distortions from the recent hurricanes faded, Labour Department data showed on Friday, while October’s revised figures showed the economy added 244,000 jobs instead of the previously reported 261,000.

November’s unemployment rate was unchanged at a 17-year low of 4.1 per cent, average hourly earnings rose five cents or 0.2 per cent, after dipping 0.1 percent the prior month.

The US dollar was trading higher against a basket of currencies, after the data release.

The Aussie dollar is is fractionally higher against the yen and fractionally lower against the euro.


One Australian dollar buys:

* 75.11 US cents, from 75.14 on Friday

* 85.22 Japanese yen, from 85.20 yen

* 64.83 euro cents, from 63.86 euro cents

(*Currency closes taken at 1700 AEDT previous local session)