THE Australian dollar was more than two US cents lower today, after risk appetite was curbed by ongoing anxiety in the Eurozone surrounding Greece's bailout.
At 1200 AEST, the local unit was trading at 103.98 US cents, down from 106.28 cents on Friday afternoon.
Since 0700 AEST, the local unit has traded between 103.90 US cents and 104.41.
European and US stock markets slumped on Friday, after the shock resignation of the European Central Bank's chief economist, Juergen Stark.
London's FTSE 100 index of leading companies fell 2.35 per cent, while the Dow Jones Industrial Average slid more than 300 points.
In economics news today, the Australian Bureau of Statistics will release international trade in goods and services for July and lending finance for July.
