Dollar down on fresh China, Greece fears

THE Australian dollar has edged lower as concerns over Chinese sharemarkets and fresh Greek eurozone exit talk emerged.

THE Australian dollar has edged lower as concerns over Chinese sharemarkets and fresh Greek eurozone exit talk emerged.

At 0630 AEST on Monday, the currency was trading at 72.93 US cents, down from 73.02 cents on Friday.

China’s equity markets fell 4.3 per cent while fears of a Greek exit have resurfaced after a snap election was called.

CURRENCY SNAPSHOT AT 0630 AEST ON MONDAY

One Australian dollar buys:

* 72.93 US cents, from 73.02 cents on Friday

* 88.87 Japanese yen, from 89.76 yen

* 64.08 euro cents, from 64.72 euro cents

(*Currency closes taken at 1700 AEST previous local session)

Source: IRESS