Australian dollar falls

dollar42The Australian dollar is flat after Wall Street stocks finished Friday’s session flat or in negative territory.

At 0635 AEST on Monday, the local currency was worth 75.22 US cents, from 75.23 US cents on Friday.

The S&P 500 in the US ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with US-China trade talks.

The Dow Jones Industrial Average was up 0.01 per cent, the S&P 500 lost 0.26 per cent, and the Nasdaq Composite dropped 0.38 per cent.

One Australian dollar buys 83.44 Japanese yen, from 83.39 yen and 63.90 euro cents, from 63.68 euro cents.

AAP

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