NewsBite

Australian dollar under pressure against stronger $US

THE Australian dollar is under pressure against a stronger greenback.

THE Australian dollar is under pressure against a stronger greenback.

At 0630 AEDT on Monday, the local currency was trading at 84.68 US cents, down from 84.99 cents on Friday.

The US dollar is stronger against other major currencies after OPEC decided against cutting the amount of oil it produces, despite a glut in global supplies.

Originally published as Australian dollar under pressure against stronger $US

Original URL: https://www.adelaidenow.com.au/business/markets/australian-dollar/australian-dollar-under-pressure-against-stronger-us/news-story/5d1f878cf63d1eae7506998cab711d0d