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Australian dollar rallies in Asia forex trading

The Australian dollar led gains in Asia on Thursday morning after new data showed new employment rising by more than four times the expected level in May.

The Aussie dollar was up half a per cent against its American counterpart at $0.7619.

The New Zealand dollar was off 0.4 per cent at $0.7236 following first-quarter gross domestic product growth that came in lower than expected thanks to an 11 per cent fall in milk exports, a key driver of outbound shipments.

South Korea’s won was down 0.1 per cent at Won1,124.58 per dollar, while the yen was basically flat at ¥109.55.

The dollar index tracking the greenback against a basket of peers was flat at 96.921.