The Australian dollar fell as cooling employment gains prompted traders to roll back some policy tightening bets. A gauge of the dollar's strength edged higher after posting its best gain in a week.
The Aussie extended an intraday loss to as much as 0.6% on leveraged selling as data showed jobs growth was driven by part-time work as full-time positions saw worst contraction in two years, according to Asia-based currency traders.
The Bloomberg Dollar Spot Index took gains into a third day amid rising yields fueled by growing concern over the increasing supply of Treasuries.
Yield on 10-year US Treasury note rose 3 basis points to 4.95% and oil edged lower.
AUD/USD dropped 0.5% to 0.6305, broadly matching Wednesday's fall.
The unemployment rate slid to 3.6%, helped in part by the participation rate slipping to 66.7% from 67%.
Australia's three-year bond continued its slide with yield adding 5bps to 4.22%.
USD/JPY slipped 0.1% to 149.80, erasing Wednesday's gain.
Source: Bloomberg
