The Australian dollar had a slow start to the week, finishing mixed against the major crosses as traders eyed of bigger events ahead.
Here’s the scoreboard as at 7am in Sydney.
AUD/USD 0.7407 , 0.0007 , 0.09%
AUD/JPY 82.26 , 0.23 , 0.28%
AUD/CNH 5.0568 , 0.0162 , 0.32%
AUD/EUR 0.6327 , -0.0009 , -0.14%
AUD/GBP 0.5639 , -0.0003 , -0.05%
AUD/NZD 1.0851 , -0.0017 , -0.16%
AUD/CAD 0.9654 , -0.0017 , -0.18%
As the scoreboard suggests, the moves on Monday were contained and largely irreverent, largely reflecting tweaks to market positioning ahead of a swathe of major economic data and central bank releases.
The key theme of the session was modest strength in the euro, helped by firm inflation reports from Germany and Spain and continued dip-buying after the common currency slumped last week. The strength in the euro weighed on the greenback, helping the AUD/USD grind higher from lows struck earlier in the day.
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