The Australian dollar closed lower on Thursday despite a late comeback linked to a positive lead from the domestic share market.
At the local close, the Australian dollar was trading at $US0.7822, down from Wednesday's close of $US0.7863.
During the local session on Thursday, the unit moved between a high of $US0.7822 and a low of $US0.7755.
A bounce in the domestic equity market fuelled risk appetite for the local dollar, Commonwealth bank currency strategist Joseph Capurso said.
"The Aussie has ground a little bit higher from today's trading, helped by an improvement in the afternoon by the stock markets,'' he said. "But it's been a pretty quiet day all up, I'd say.''
The stock market received a small boost after the release of better than expected employment figures by the Australian Bureau of Statistics.
The nation's unemployment rate rose 0.1 percentage points to 5.8 per cent in June, but this was below the consensus market forecast of 5.9 per cent.
ABS data found full-time employment decreased by 21,900 to 7.612 million in June and part-time employment was up 400 to 3.151 million.
Mr Capurso said the data's direct effect on the currency market was minimal.
"It didn't really have much of an impact on the Aussie because it came in pretty much on expectations,'' he said. "You can't really see it on the chart.''
With no decisive economic data due during the offshore session on Thursday evening (AEST), Mr Capurso said the local unit would range trade around $US0.7820.
AAP
