The Australian dollar has fallen back slightly, as markets remain concerned about the US fiscal cliff and a Greek bailout.
At 0630 AEDT on Monday, the local unit was trading at 104.00 US cents, down from 104.25 cents on Friday.
The fiscal cliff - a series of spending cuts and tax rises due to come in at the start of 2013 in the US - is a major concern for markets, with president Barack Obama under pressure to resolve the situation.
Meanwhile, concerns have also been raised by reports that the next tranche of Greek bailout funds - worth 13.5 billion euros - could be delayed, despite a package of austerity measures being passed in the Greek parliament last week.
