Investing.com - The Australian dollar was steady against its U.S. counterpart on Monday, as investors remained cautious after the release of Friday's tepid U.S. nonfarm payrolls report.
AUD/USD hit 1.0469 during late Asian trade, the session low; the pair subsequently consolidated at 1.0477, dipping 0.04%.
The pair was likely to find support at 1.0450, the low of January 3 and resistance at 1.0523, the high of January 2.
On Friday, the U.S. Department of Labor said the economy added 155,000 jobs in December, slightly higher than forecasts for an increase of 150,000, but easing from an upwardly revised increase of 161,000 in November, suggesting that the recovery in the labor market may be slowing.
The data came one day after the minutes of the Federal Reserves' December policy meeting showed that some policymakers considered an earlier-than-expected end to the bank's quantitative easing program.
Elsewhere, the Aussie was higher against the euro with EUR/AUD falling 0.21%, to hit 1.2445.
Later in the day, the euro zone was to produce official data on producer price inflation, as well as a report on investor confidence.
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