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$A is fairly steady against $US


The Australian dollar is little changed against the US dollar with most major currencies either steady or range-bound since the last local trading session.

At 0635 AEST on Monday, the Australian dollar was worth 78.38 US cents, up slightly from 78.40 US cents on Friday.

Westpac's Imre Speizer says US equities made fresh record highs at month end, while bond yields rose amid mixed economic data and reports that Trump had met a candidate for the Fed Chair and currencies were steady and rangebound.

"The US dollar index was little changed on the day, and most currencies were rangebound," he said in a morning note.

"The AUD ranged between 0.7817 and 0.7854."

With Monday being a public holiday over much of Australia there would likely be little to drive the markets.

He expected the Australian dollar "to hold above 0.7800, noting that the market will be quiet given the Australian holiday".

The Aussie dollar is also steady against the euro but lower against the yen.


One Australian dollar buys:

* 78.38 US cents, from 78.40 on Friday

* 88.29 Japanese yen, from 88.34 yen

* 66.48 euro cents, from 66.49 euro cents

(*Currency closes taken at 1700 AEST previous local session)