Investing.com - The Australian dollar fell against its U.S. counterpart on Monday, as ongoing concerns over the handling of the debt crisis in the euro zone weighed on demand for riskier assets.
AUD/USD hit 1.3752 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0325, shedding 0.45%.
The pair was likely to find support at 1.0201, the low of November 3 and resistance at 1.0496, the high of October 25.
Greek Prime Minister George Papandreou agreed to step down on Sunday to allow the creation of a national unity government intended to secure international financing and avert a collapse of the country's economy.
Papandreou had come under intense criticism last week after calling for a referendum on Athens' latest bailout program, placing Greece at the center of the Group of 20 talks in Cannes last week.
Meanwhile, investors were eyeing an Italian parliamentary vote on Tuesday, as Prime Minister Silvio Berlusconi faced growing opposition from within his own political party after he agreed to allow the International Monetary Fund to monitor the country’s progress on cutting its deficit and implement economic reforms, last week.
The Aussie was fractionally lower against the euro with EUR/AUD edging up 0.02%, to hit 1.3302
Earlier Monday, data showed that Australia job advertisements decreased by 0.7% in October, marking the sixth fall in seven months.
The previous month's figure was revised down from minus 2.1% to minus 2.2%.
AUD/USD hit 1.3752 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0325, shedding 0.45%.
The pair was likely to find support at 1.0201, the low of November 3 and resistance at 1.0496, the high of October 25.
Greek Prime Minister George Papandreou agreed to step down on Sunday to allow the creation of a national unity government intended to secure international financing and avert a collapse of the country's economy.
Papandreou had come under intense criticism last week after calling for a referendum on Athens' latest bailout program, placing Greece at the center of the Group of 20 talks in Cannes last week.
Meanwhile, investors were eyeing an Italian parliamentary vote on Tuesday, as Prime Minister Silvio Berlusconi faced growing opposition from within his own political party after he agreed to allow the International Monetary Fund to monitor the country’s progress on cutting its deficit and implement economic reforms, last week.
The Aussie was fractionally lower against the euro with EUR/AUD edging up 0.02%, to hit 1.3302
Earlier Monday, data showed that Australia job advertisements decreased by 0.7% in October, marking the sixth fall in seven months.
The previous month's figure was revised down from minus 2.1% to minus 2.2%.