And the Australian dollar is worth over 103 US cents this morning. It'll also buy you 64 British pence and 125 New Zealand cents.

 

The US economy has beat expections and added 171,000 new jobs in October. But the official Labour Department figures still showed that unemployment rates rose to 7.9%, up 0.1% from September. The unemployment rate edged up slightly because the number of people looking for jobs increased. It means that despite the jump in new jobs, US President Barack Obama is still heading into the presidential elections with the highest rate of unemployment rate seen since President Franklin Roosevelt seeked sought re-election in 1936.

 

Manufacturing in China has expanded for the first time in three months. A sign that the country is recovering from its lowest rate of growth in three years. The Purchasing Manager's Index rose up to 50.2 in October, up from 49.8 in September.