2014.07.1104:23:36UTC+00Australian dollar recovers Thursday's losses

The Australian dollar tumbled below 94 US cents, recuperating some of its losses it endured in the light of dissatisfying jobs figures.

On Friday, Aussie was at 93.86 US cents, up from Thursday’s 93.69 US cents.

The currency dropped Thursday following labor force data reflected the unemployment rate touched 6.0% in June. It was also weighed down by disappointing Chinese trade figures and woes over Banco Espirito Santo, Portugal’s largest bank.

“The Australian dollar was recovering and consolidating on Friday. It had very steep losses from the jobs numbers and the China trade numbers and then another sell-off in the London morning, either on speculation about Reserve Bank of Australia policy or the Portugal worries,” said Sean Callow, Senior Currency Strategist at Westpac.

On the other hand, Australian bond futures prices climbed. The three-year bond was up at 97.400, to 2.600% while the 10-year bond rose to 96.565, to 3.435%.