Investing.com - The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on PPI.
AUD/USD was trading at 1.0335, down 0.42% at time of writing.
The pair was likely to find support at 1.0310, Friday’s low, and resistance at 1.0416, Wednesday’s high.
Earlier in the day, official data showed that Australian producer price inflation fell unexpectedly to a seasonally adjusted -0.3% in the last quarter, from 0.3% in the preceding quarter.
Analysts had expected PPI to rise 0.4% last quarter.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.21% to hit 1.2762 and AUD/JPY falling 0.65% to hit 84.06.
AUD/USD was trading at 1.0335, down 0.42% at time of writing.
The pair was likely to find support at 1.0310, Friday’s low, and resistance at 1.0416, Wednesday’s high.
Earlier in the day, official data showed that Australian producer price inflation fell unexpectedly to a seasonally adjusted -0.3% in the last quarter, from 0.3% in the preceding quarter.
Analysts had expected PPI to rise 0.4% last quarter.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.21% to hit 1.2762 and AUD/JPY falling 0.65% to hit 84.06.