THE dollar has started the week on the back foot, after losing more than three quarters of a US cent late on Friday.
At 5pm AEST today, the Aussie was at $US1.0283, down from $US1.0343 on Friday.
The dollar started the local session around $US1.0270 after falling on Friday night against a stronger US dollar.
Forex.com research analyst Chris Tedder said the Aussie hit a low of $US1.0266, before it lifted to a high of $US1.031 around noon.
But he said it had been a fairly quiet day for the local market. "It has been pretty thin conditions," he said.
Mr Tedder said the key driver for the Aussie dollar this week would be the release of official inflation figures for the March quarter on Wednesday.
He said the figures would give the market some indication of whether the Reserve Bank of Australia had room the cut the cash rate, currently at 3 per cent.
"We're not expecting (the inflation figure) to spook the market but obviously we want to watch that very carefully."
