The Australian dollar has held on to gains after it received a boost from the latest employment numbers which showed another rise in full-time employment.

At 0630 AEST on Friday the local currency was worth 79.58 US cents, from 79.23 US cents on Thursday.

The Aussie dollar spiked on Thursday, on the back of the news the Australian economy added 14,000 jobs in June, with full-time employment up by 62,000 – the second strongest one month increase in full time work since June 2011.

It came close to hitting 80 US cents before falling back to 79.24 US cents at 1700 AEST.

On Friday, the local currency surged well above 79 US cents, supported by a subdued US dollar.

The Aussie was also stronger against the Japanese yen, however lost momentum against the euro, which rose after the European Central Bank signalled tapering would be considered in a few months’ time.

AAP

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.