At 07:00 (AEST), the Australian dollar was buying 70.92 U.S. cents, down from 71.64 U.S. cents on Friday.
"The U.S. dollar rose against all G10 currencies on the day, though only slightly against fellow havens JPY and CHF," Westpac Bank Economists said in a morning note.
"AUD/USD extended its local session decline to a low of 70.56 U.S. cents, then trimmed losses to 70.95 U.S. cents, net -0.9 percent."
At 09:30 (AEST), the local unit was buying 70.89 U.S. cents.
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