(MENAFN– ecpulse)
The Australian dollar fell on Monday after China released disappointing import data for November.
China’s trade balance, especially imports declined in November affecting the Australian dollar, considering China a key trading partner to Australia and the largest importer of Australian mineral resources.
Meanwhile, the US dollar is still gaining support after releasing the positive US employment report on Friday, adding 321,000 jobs in November, indicating the continued recovery of the US economy.
The US dollar is expected to keep its recently acquired support, ahead of the US data to be released on Thursday.
AUD/USD pair dropped 0.17% to its lowest since June 2010 in Europe early trading, to 0.8270 at 10:59 GMT.
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