The Australian dollar fell before the release of US jobs data and the Reserve Bank of Australia’s statement on monetary policy on Friday.

The Aussie ended at 70.17 euro cents from Thursday’s 70.25 euro cents, and 79.11 US cents from 79.67 US cents.

The primary driver in overnight currency movements were traders placing themselves “ahead of the release of official US employment figures on Friday night,” said Raiko Shareef, Currency Strategist at Bank of New Zealand.

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