RTTN:Australian Dollar Weakens Against Most Majors
(RTTNews) - 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.
