Australian dollar back below 78 US cents

THE Australian dollar has weakened, falling back below 78 US cents following a slide in commodity prices.

Australian money background. Soft focus, shallow DOF, with lots of copy space.

THE Australian dollar has weakened, falling back below 78 US cents following a slide in commodity prices.

At 0630 AEDT on Monday, the local currency was trading at 77.54 US cents, down from 78.01 cents on Friday.

Commodity prices were lower on Friday, with oil, copper and iron ore taking a tumble.

CURRENCY SNAPSHOT AT 0630 AEDT ON MONDAY

One Australian dollar buys:

* 77.54 US cents, from 78.01 cents on Friday

* 92.52 Japanese yen, from 92.97 yen

* 71.25 euro cents, from 71.68 euro cents

(*Closes taken at 1700 AEDT previous local session)

Source: IRESS

Originally published as Australian dollar back below 78 US cents