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The Australian dollar plummets on firm US figures and comments by the Reserve Bank of Australia about the currency being too high.
On Friday, Aussie was trading at 93.57 US cents, down from Thursday’s 93.66 US cents.
After RBA Governor Glenn Stevens said the currency was overvalued and not by few cents, the currency dropped more than one US cent.
The Australian dollar also endured another hit following US nonfarm payrolls for June added 288,000 jobs.
"The Aussie dollar faced further selling pressure against the US dollar overnight as strong US non-farm payrolls data triggered broad-based US dollar strength," said David de Ferranti, Market Analyst at FXCM.
Meanwhile, Australian bond futures prices ticked lower. The three-year bond futures contract was at 97.340, to 2.66% while the 10-year bond futures contract was at 96.400, to 3.6%.
