The Australian dollar is slightly lower on concerns about the US fiscal cliff.
In late trade on Friday, the local unit was trading at 105.44 US cents, down from 105.52 cents at Thursday’s close.
Commonwealth Bank currency strategist Joseph Capurso said the Aussie dollar had started the day weak, on concerns about the fiscal cliff, but had risen slightly on Chinese manufacturing data.
‘‘Chinese flash PMI (purchasing managers’ index) was slightly higher than expected, and regional share markets are quite strong, so that usually gives the Aussie a bit of a bump up,’’ he said.
‘‘However, liquidity is quite thin at this time of year, so it’s hard to read much into it - it’s been a pretty quiet day.’’
HSBC’s Flash PMI rose to 50.9 in December, from 50.5 in November.
Mr Capurso said the US fiscal cliff would dominate the market focus next week, and heading into the year’s end.
‘‘The market’s been very patient with the politicians, but that patience might not last much longer,’’ he said.
US political leaders continue to debate how to resolve the fiscal cliff - a series of tax rises and spending cuts that will come in at the beginning of 2013.
Also notable on Friday was the Australian dollar/Japanese yen cross - with the Aussie trading at 88.47 yen, its highest point since March.
Mr Capurso said weakness in the yen could be due to concerns about Japan’s general election on December 16, and expectations of economic stimulus by the country’s central bank.