The Australian dollar has fallen as the market responds with concern to news of turmoil in Greece as the debt-ridden nation's parliament approves key austerity measures.
At 1200 AEDT on Monday, the local currency was trading at 106.95, down from 107.13 on Friday afternoon.
From 0700 AEDT, the Australian dollar has traded between 106.53 and 107.25 US cents.
Over the weekend, the dollar fell to 106.40 US cents - its lowest point in nearly two weeks, as the Greek parliament debated an austerity package to allow it to attain a second round of debt support.
St George chief economists Besa Deda said the local currency had not made any significant moves on Monday, after its weak performance on the weekend.
'It's not actually doing too much this morning, but it has risen a little,' she said.
'That could be on the news that the Greek parliament's approved the unpopular austerity bill to secure that second 130 billion euro tranche.'
The Greek parliament announced it had passed the bill on Sunday (European time), despite large-scale protests on the streets of Athens and other cities.
Ms Deda said that better-than-expected housing finance figures released by the Australian Bureau of Statistics would not be likely to push the dollar up further.
'It seems to be sticking near this 107 US cent level, and it's unlikely that today's housing data will skew it in an alternative direction,' she said.
The number of home loans approved in December rose 2.3 per cent to 48,453, the ABS said on Monday.
Economists' forecasts had centred on housing finance commitments to be up 1.8 per cent for the December.
Ms Deda said the market would, however, be watching for labour force data to be released on Thursday.
'That will be quite critical locally, particularly given that the RBA (Reserve Bank of Australia) has left rates unchanged in February, and that was unexpected,' she said.
'Employment's one of the key indicators to watch to see how the economy's travelling, and if we see some further deterioration on the jobs front, that will add to the case for the RBA to do more easing.'
Meanwhile, Australian bond future prices were slightly higher at noon.
At 1200 AEDT on Monday, the March 10-year bond futures contract was trading at 95.945 (implying a yield of 4.055 per cent), up from 95.935 (4.065 per cent) on Friday.
The March three-year bond futures contract was at 96.490 (3.510 per cent), up from 96.480 (3.520 per cent).
