The main domestic event for Australia's dollar was the employment data that came out on Thursday. They indicated a jump of more than 39k in full-time workers while only 200 part-time positions were lost. However, unemployment went up to 5.7%. The combination of more jobs and higher unemployment left investors slightly bemused and the figures had no lasting effect on the Aussie.

What did affect it, at least against the US dollar, was the Federal Reserve's widely-expected quarter-percentage-point interest rate increase. It was not the rate hike itself that made the difference, it was the suggestion in the Fed's economic projections that there could be three more increases next year instead of the two that had previously been anticipated. The Aussie lost one US cent on the week and it was all but unchanged against sterling. The pair shared third place on the major currency ladder behind the North American dollars.