The Australian dollar was slightly up at noon as currency traders begin to position for American unemployment data next week.

At 1200 AEST on Friday, the local currency was trading at 93.57 US cents, up from 93.54 cents on Thursday.

LTG Goldrock director Andrew Barnett said while the US dollar continues to gain traction on the back of positive economic data, the local currency has been stuck in a three cent range for five months.

“The one currency we are continuing to see appreciate is the US dollar, we saw some more positive economic data out of the US overnight with a strong GDP number,” Mr Barnett said.

“There is the unemployment report next week and the positive economic data is seeing a shift of a lot of money towards the US dollar, particularly out of Europe.”

Mr Barnett said some gains had being muted by growing tensions between Russia and Ukraine.

“The Aussie dollar, we’re not interesting selling the aussie dollar until it gets under 91.75 US cents.”

Meanwhile, the Australian bond market was mixed.

At 1200 AEST, the September 2014 10-year bond futures contract was trading at 96.715 (implying a yield of 3.285 per cent), up from 96.680 (3.320 per cent) on Thursday.

The September 2014 three-year bond futures contract was at 97.370 (2.630), up from 97.350 (2.650 per cent).