The Australian dollar slipped on Monday after lower-than-expected producer prices stirred speculation that upcoming consumer prices could also be benign, bolstering the case for the central bank to keep rates on hold for longer.
The Aussie dollar fell to as low as $0.9864 in the wake of the data showing a mere 0.1 percent quarterly increase in producer prices.
The Aussie briefly slipped against the yen, before recovering to last stand at 81.77 yen, but it lost ground against the kiwi dollar, retreating to NZ$1.2996 from a one-week high around NZ$1.3082 set on Friday.
The New Zealand dollar stood at $0.7593, still trapped in a wider $0.7400 and $0.7800 range. It failed to break out of $0.78 last week because of patchy data.