Investing.com - The Australian dollar dropped to five-and-a-half year lows against its U.S. counterpart on Monday, as demand for the greenback continued to receive broad support.
AUD/USD hit 0.8036 during late Asian trade, the pair's lowest since July 2009; the pair subsequently consolidated at 0.8057, sliding 0.42%.
The pair was likely to find support at 0.7700 and resistance at 0.8186, the high of January 2..
The greenback remained broadly supported by the diverging monetary policy stance between the Federal Reserve and central banks in Europe and Japan.
A recent string of upbeat U.S. data sparked optimism over the strength of the country's economic recovery and added to expectations for the Fed to soon raise interest rates.
The Aussie was little changed against the euro, with EUR/AUD at 1.4827.