The Australian dollar rebounded off a one-month low on Monday as the US dollar weakened, but failed to hurdle 76 US cents ahead of data later this week that will shed further light on Australia's interest rate outlook.
The Aussie dollar traded at $0.7583/87, firming off a one-month low at $0.7551 struck offshore on Friday but still facing stiff resistance in the $0.7595-$0.7610 area.
The currency was likely to remain in range ahead of a series of potentially market-moving data in Australia that starts on Wednesday with July retail sales and second-quarter numbers for construction.
"There still appears to be good support for the maintenance of broader ranges, at least until we start to build up to a big data barrage towards the end of this week," said Tony Morriss, senior currency strategist at ANZ Investment Bank
The prospect of Japan's rate disadvantage continuing for longer forced the euro/yen up towards big options barriers at 150 yen.