Australian Market is Trading Lower Today

• The Australian market is trading lower as investor turned cautious after disappointing US jobs data for the month of December, 2013. In morning session, the benchmark S&P/ASX 200 index opened at 5,283.40 while the broader All Ordinaries index opened at 5,288.80.

• The Australian dollar is also trading lower against its US counter part after weaker-than-expected US jobs data for December, 2013. Presently, the local currency (AUD) is trading at 90.35 US cents.

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