Stay 
Trading Conditions
Products
Tools
The Australian dollar was trading below 94 US cents as the US dollar strengthens on diminishing risk appetite.
On Monday, the Aussie was at 93.96 US cents, down from Friday’s 94.15 US cents.
“The US dollar was being supported by euro weakness. The Australian dollar on Friday was a bit softer on the back of broad-based US dollar strength, which was mainly driven by euro weakness,” said Raiko Shareef, Currency Strategist at Bank of New Zealand.
This is a big week for economic news and data, as the Chinese and European manufacturing data, US gross domestic product and employment figures, and the Federal Reserve's July monetary policy decision will be released this week.
Meanwhile, the building approvals report for June is due Thursday.
