The Australian dollar is steady

THE Australian dollar is steady against its US counterpart after mixed data in the US and an uneventful G20 meeting.

THE Australian dollar is steady against its US counterpart after mixed data in the US and an uneventful G20 meeting resulted in consolidation among most currencies.

At 0640 AEDT on Monday, the Australian dollar was worth 76.89 US cents, marginally ahead from 76.82 US cents at Friday’s close.

Westpac senior market strategist Imre Speizer said he expects the Aussie dollar to trade in a narrow range between 76.65 and 77.20 US cents in the immediate term.

The local currency is also higher against the euro but edged down against the Japanese yen.

CURRENCY SNAPSHOT AT 0640 AEDT ON MONDAY

One Australian dollar buys:

* 76.89 US cents, from 76.82 on Friday

* 86.59 Japanese yen, from 87.09 yen

* 71.62 euro cents, from 71.32 euro cents

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

Originally published as The Australian dollar is steady