The Australian dollar motored to a one-week high on Thursday as investors latched onto the strong points in local jobs data, even as they did nothing to dampen the prospects of further rate cuts. The market cued off the employment number and lifted the Aussie to $1.0276, from an early $1.0223. Demand from European and US names was now testing stops around $1.0280.
The Aussie showed its strength with across-the board gains against most majors, up 0.3 percent against the kiwi at NZ$1.2559, the same size gain on the yen at 80.12 yen . The euro extended its pullback to four straight sessions, falling 0.5 percent to A$1.2515. The New Zealand dollar spent much of the session in a tight range with a soft tone, managing to touch a high of $0.8183 from a low $0.8154.
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