Investing.com - The Australian dollar was lower against its U.S. counterpart on Monday, as market sentiment waned amid uncertainty over Greece’s willingness to accept conditions for a second bailout deal later in the day.
AUD/USD hit 1.0709 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0733, shedding 0.34%.
The pair was likely to find support at 1.0654, the low of October 28 and resistance at 1.0793, the high of February 3.
Markets were jittery as Greek political leaders had to decide whether they accept the conditions laid out by the country’s international creditors by 11a.m. local time on Monday, in order to secure a EUR130 billion aid package.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
In Australia, official data showed earlier that retail sales declined unexpectedly in December, ticking down 0.1% after a 0.1% rise the previous month.
Analysts had expected retail sales to rise 0.2% in December.
A separate report showed that job advertisements in Australia climbed 6% in January, after a 0.6% decline the previous month.
Elsewhere, the Aussie was higher against the euro with EUR/AUD retreating 0.15%, to hit 1.2198.
Later in the day, the euro zone was to publish a report on investor confidence, while Germany was to publish official data on factory orders.
AUD/USD hit 1.0709 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0733, shedding 0.34%.
The pair was likely to find support at 1.0654, the low of October 28 and resistance at 1.0793, the high of February 3.
Markets were jittery as Greek political leaders had to decide whether they accept the conditions laid out by the country’s international creditors by 11a.m. local time on Monday, in order to secure a EUR130 billion aid package.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
In Australia, official data showed earlier that retail sales declined unexpectedly in December, ticking down 0.1% after a 0.1% rise the previous month.
Analysts had expected retail sales to rise 0.2% in December.
A separate report showed that job advertisements in Australia climbed 6% in January, after a 0.6% decline the previous month.
Elsewhere, the Aussie was higher against the euro with EUR/AUD retreating 0.15%, to hit 1.2198.
Later in the day, the euro zone was to publish a report on investor confidence, while Germany was to publish official data on factory orders.