Investing.com - The Australian dollar fell to three-week lows against its U.S. counterpart on Monday, as demand for the greenback remained strong amid growing expectations for a U.S. rate hike in the near future.
AUD/USD hit 0.7692 during late Asian trade, the pair's lowest since February 12; the pair subsequently consolidated at 0.7693, declining 0.38%.
The pair was likely to find support at 0.7641, the low of February 12 and resistance at 0.7792, the high of February 13.
Data earlier showed that Australia's job advertisements rose 0.9% in February after an increase of 1.2% in January, whose figure was revised from a previously estimated 1.3% gain.
The greenback remained supported after official data on Friday showed that the U.S. economy added 295,000 jobs in February, far more than the 240,000 forecast by economists. The unemployment rate ticked down to 5.5% from 5.7% in January, the lowest since May 2008.
The strong report fuelled expectations that the Federal Reserve will start raising interest rates around the middle of this year.
The Aussie was lower against the euro, with EUR/AUD rising 0.30% to 1.4094.