The Australian dollar struck fresh three-month lows against the US currency on Monday, with investors wary of any hints from the central bank that it could start lowering interest rates soon. No change to the 7.25 percent cash rate is expected, but the market is keenly eyeing the bank's accompanying statement after a press reports last week suggested it would prepare the ground for a cut in September.
The Aussie dollar was at $0.9312/15, down from $0.9374/75 late here on Friday. It dropped to a three-month low of $0.9284 during the session, but climbed after domestic data showed the economy was slowing, but not as rapidly as some thought.