The Australian dollar pared its early Asian session gains against other major currencies during early deals on Monday. Against the US dollar, the Australian currency lost ground after hitting a high of 0.6249 during early Asian deals on Monday. At 1:20 am Eastern Time, the Aussie-dollar pair touched a low of 0.6073, compared to Friday's close of 0.6207. The pair is currently trading at 0.6112. The Australian dollar that closed Friday's North American session at 2.0318 against the European currency reached a high of 2.0186 at 9:30 pm ET Sunday. Thereafter, the Aussie reversed its direction and is currently quoted at 2.0524 against the euro. The Aussie edged down to 56.61 against the Japanese yen at 1:20 am ET Monday, dropped from an early Asian session's high of 56.86. The Aussie-yen pair closed last week's trading at 58.73. Japanese corporate service prices inched up 0.1 percent on year in September, the Bank of Japan said today, marking the slowest rise since January 1985. That was well below analyst expectations that called for an annual increase of 1.2 percent, and it was also sharply lower than the 1.4 percent increase in August. Against the Canadian dollar, the Australian currency hit a high of 0.7976 at 11:30 pm Eastern Time Sunday. The Aussie-loonie pair is now worth 0.7826, compared to Friday's closing value of 0.7925. The European Central Bank is slated to issue Eurozone money supply details for September at 5.00am ET. Money supply which grew 8.8% in August is forecast to rise at a slower pace of 8.5% in September. In the meantime, the Munich-based Ifo research institute is set to issue a monthly business confidence survey. The German business confidence index is seen at 91 in October, down from 92.9 in the prior month. Meanwhile, the current assessment is expected to fall to 97 and the expectations index to drop to 85.

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