2014.06.2306:25:57UTC+00Australian dollar dives on lower US jobs data

The Australian dollar glided lower as US unemployment data declined.

The currency settled at 93.73 US cents, down from Friday’s 94.06 cents.

Official figures show unemployment lowered in 20 states in May while almost three quarters of the states gained jobs.

Aussie concluded its rally on Friday, following it reached 94.33 US cents overnight, the highest level since April 10

The surge was in the light of Federal Reserve Chair Janet Yellen’s statements that she would keep the interest rate stable for a considerable time amid a recent spike in inflation.

Yellen’s comments helped push the currency back at 94 US cents.