THE Australian dollar is lower following a quiet day of trading.
At 5pm AEDT, the Australian dollar was at 105.11 US cents, down from 105.23 US cents on Friday afternoon.
OzForex head of corporate dealing Jim Vrondas said the currency had traded in a tight range since Friday despite news of improved economic growth in China late last week.
"It is surprising the Aussie dollar hasn't really jumped back up," he said.
"Following Friday's China data you would expect to see the Aussie dollar up testing 106 US cents but there is obviously a lot of resistance."
Official figures released on Friday showed China's gross domestic product (GDP) grew 7.8 per cent in the 12 months to December, compared to a rise of 7.4 per cent in the 12 months to September.
