Currency Alerts

Australian Dollar Weakens Against Most Majors

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.

by RTTNews Staff Writer

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