The Australian dollar traded lower against most major currencies in late Asian deals on Monday as traders sold high-yielding assets after data showed that Chinese exports grew less than expected.
China's exports rose 2.7 percent year-on-year in August. This was slightly weaker than the 2.9 percent growth forecast by economists. Meanwhile, imports recorded a 2.6 percent year-on-year decline against expectations for a 3.5 percent gain
The aussie fell to 1.0351 against the greenback and 1.0128 against the loonie, compared to Friday's close of 1.0396 and 1.0165, respectively.
Against the yen, the aussie hit a 4-day low of 80.99.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.