The Australian dollar has fallen back slightly after an earlier rise on strong Chinese growth data.
At 0700 AEDT on Monday, the Australian dollar was at 105.10 US cents, down from 105.23 cents on Friday.
Official data 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.
Despite this, HiFX senior trader Stuart Ive said other factors had pushed the Aussie dollar down.
"I think the pare-back has a lot to do with profit-taking by investors, ahead of the long weekend (in the US), and there's been very little other data out," he said.
US markets are closed on Monday for Martin Luther King Jr Day.
Mr Ive said local economic figures, and concern about the outcome of a Bank of Japan meeting on Tuesday were also putting pressure on the local currency.
"The local data out of Australia has been weighing on the currency in the last few weeks. We have a lot of expectation built into the Bank of Japan's meeting tomorrow," he said.
"The Australian dollar, broadly speaking, has been trading within a very tight range.
"I think it will be treading water for the next 48 hours. So, I think there's going to be a fairly slow start to the week."
Markets expect some kind of monetary easing from the Bank of Japan tomorrow, after new prime minister Shinzo Abe pledged aggressive stimulus to boost the country's economy.
Mr Ive said local national inflation figures due on Wednesday would influence the Aussie dollar later in the week.