The Australian dollar is unchanged against its US counterpart, which was fallen to a two-month low as investors grow optimistic about the strength of the euro zone’s recovery and lose their appetite for the greenback.
At 0635 AEDT on Monday, the Australian dollar was worth 76.21 US cents, changed from Friday.
The dollar index fell to its lowest since September 26, having suffered its worst single-day decline in more than five months on Wednesday after minutes from the Federal Reserve’s latest meeting showed some policymakers were concerned about stubbornly weak US inflation.
For the week, the US dollar index fell nearly one per cent, its worst weekly loss since September.
The Aussie dollar is is lower against both the yen and the euro.
CURRENCY SNAPSHOT AT 0635 AEDT ON MONDAY
One Australian dollar buys:
* 76.21 US cents, unchanged from Friday
* 84.88 Japanese yen, from 85.00 yen
* 63.83 euro cents, from 64.32 euro cents
(*Currency closes taken at 1700 AEDT previous local session)