The Australian dollar has dipped slightly, buying 71.70 US cents from 71.69 US cents on Monday.

On Monday morning, the dollar was buying 71.71 US cents from 71.61 US cents on Friday.

Last Friday morning, the local currency has fallen, buying 71.25 US cents from 71.61 US cents on Thursday.

It had flatlined near a six-week peak as losses on Asian share markets chilled risk sentiment somewhat.

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