The Australian and New Zealand dollars traded with a heavy tone on Monday and looked vulnerable amid persistent concerns about the health of China's economy. The market, though, was generally subdued as investors waited for concrete monetary policy action in Europe and the United States.
The Aussie dollar skidded to one-month lows at $1.0372, having broken through major support around $1.0420 following a sell order from a UK account, according to a trader. It last fetched $1.0385, with immediate resistance found at $1.0435, the session's high. Support was seen at $1.0372. The New Zealand dollar nudged lower to $0.8100, versus $0.8117 in late New York trade on Friday, pulling further away from a two-week high of $0.8187 touched late last week.
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