Investing.com - The Australian dollar was little changed against its U.S. counterpart on Monday, after the release of downbeat business confidence data from Australia, while the New Zealand dollar moved higher as the greenback remained broadly under pressure.
AUD/USD was steady at 0.7606.
The National Australia Bank earlier reported that its business confidence index slipped to 5 in April from a reading of 6 the previous month.
NZD/USD edged up 0.19% to a one-and-a-half week high of 0.6990.
The greenback remained under pressure after the Federal Reserve kept interest rates on hold last week and indicated that any future interest rate hikes would be data dependent.
In addition, data last Thursday showed that the U.S. economy grew at the slowest rate in two years in the first quarter, with gross domestic product increasing just 0.5% from a year earlier.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at an eight-month low of 92.98.