The Australian dollar fell after US stocks lost ground overnight.
At 6.30am AEDT the local unit was trading at 102.89 US cents, down from 103.01 cents at yesterday’s local close.
US shares fell, after they reached five-year peaks in light trade on Friday.
Source:
http://www.theaustralian.com.au/business/markets/australian-dollar-down-as-us-stocks-fall/story-e6frg94o-1226575845491