Australian dollar jumps to new 2014 highs

The Australian dollar has risen to new four-month highs against the US dollar and euro after disappointing US jobs data weakened the greenback.

(File: AAP)

The Australian dollar is once again pushing 93 US cents and is currently trading at a fresh four month high.

 

A slightly weaker than expected jobs report out of the US sparked the renewed interest.

 

But with the Reserve Bank expected to be at the bottom of its interest rate cutting cycle, where to now for our currency?

 

For more, SBS business reporter, Ricardo Goncalves spoke with Peppercorn Financial Currency Analyst, Joel Murphy