12.01.201504:47:01UTC+00Australian dollar escalates on weak US data

The Australian dollar reached the highest level in nearly a month as it continued to surge on weak US wage growth data.

On Monday the Aussie traded at 82.52 US cents from Friday’s 81.40 US cents, its highest since December 16. It also traded at ¥97.47 from Friday’s ¥97.12, and 69.56 euro cents from 68.93 euro cents.

Although wages declined by the most since 2006, payrolls rose by 252,000.

"Weakness in the US dollar has allowed most other currencies to edge higher and that includes the Australian dollar," said Richard Grace, Chief Currency Strategist at Commonwealth Bank.

Meanwhile, traders will await December labor force report by the Australian Bureau of Statistics, which is due Thursday.