Investing.com - The Australian dollar fell sharply on Tuesday after a survey of business conditions and confidence by National Australia bank saw a steep drop on both indicators.
AUD/USD traded at 0.8252, up 0.49%, while USD/JPY changed hands at 120.79, up 0.07%.
In Australia, the NAB business confidence index fell to plus-1 from plus-4, while conditions fell 8 points to plus-5.
Overnight, the dollar slipped lower against a basket of other major currencies on Monday, but remained close to multi-year highs as Friday's upbeat U.S. employment data continued to support demand for the greenback.
The Labor Department reported on Friday that the U.S. economy added 321,000 jobs in November, far more than the 225,000 forecast by economists and the largest monthly increase in almost three years.
September’s figure was revised up to 243,000 from a previously reported 214,000 and the unemployment rate remained unchanged at a six-year low of 5.8%.
The strong data fuelled to expectations for the Federal Reserve to raise interest rates mid-2015, compared to expectations for September 2015 before the report.
The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.01% at 89.20.
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Forex - Aussie falls sharply on weak NAB confidence, conditions survey
Published 12/08/2014, 09:22 PM
Updated 12/08/2014, 09:24 PM
Forex - Aussie falls sharply on weak NAB confidence, conditions survey
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