SYDNEY: The Australian dollar stayed under a cloud near six-year lows against the US dollar and pound on Monday, with investors increasing their bearish positions, while the New Zealand dollar paused above recent lows.
The Australian dollar was depressed at $0.7286, not far from $0.7260 set last week and the weakest level since 2009.
Support was found at $0.7250 and $0.7200 where traders cited buy orders. The Aussie has skidded 5.5 per cent so far this month, which if sustained would be the largest monthly fall since October.
It remained under pressure on concerns about China and falling commodity prices.
