The Australian dollar is more than one US cent lower, following the release of stronger-than-expected jobs data from the US.
At 1700 AEDT on Monday, the currency was trading at 101.63 US cents, down from 102.73 US cents on Friday.
It was also trading at 79.84 Japanese yen, down from 80.35 yen on Friday and at 78.26 euro cents, down from 78.84 euro cents.
Commonwealth Bank currency strategist Joseph Capurso said the Aussie dollar had experienced little movement on Monday, after falling to a three month low over the weekend.
'We've operated in a very tight range today - with a low of 101.54 US cents and a high of 101.79 cents,' he said.
'We've had low trading volumes because Japan is closed for a public holiday, and we also have the US and Canada closed tonight.'
The Australian dollar fell as low as 101.52 US cents, after non-farm payrolls data released on Friday night revealed that the US unemployment rate fell to 7.8 per cent in September, from 8.1 per cent in August.
It was the first time the unemployment rate has fallen below eight per cent since January 2009.
Mr Capurso said Australian labour force data released on Thursday would be an important factor for the local currency this week.
'That's probably going to be the main event locally,' he said.
'However, we've got the IMF (International Monetary Fund) world economic forecasts tomorrow morning, and that could push the Aussie dollar down a bit further, because they are probably going to downgrade China's forecasts.'
Meanwhile, Australian three-year bond futures prices were higher, while 10-year's were slightly lower.
At 1630 AEDT on Monday, the December three-year bond futures contract was at 97.640 (implying a yield of 2.360 per cent), up from 97.630 (2.370 per cent).
December 10-year bond futures were trading at 97.025 (2.975 per cent), down from 97.055 (2.945 per cent).
RBC fixed income strategist Michael Turner said the US job numbers released on Friday night had prompted a sell off in Australian bonds on Friday night and Saturday morning, Australian time.
'We weakened a fair bit after the non-farm payrolls data, but prices have risen somewhat today,' he said.
Mr Turner said that domestic data released last week - plus commentary from the Reserve Bank of Australia (RBA) about the softening labour market - had dampened sentiment in Australia somewhat, ahead of domestic job figures due on Thursday.
'There hasn't been much good Aussie data out recently,' he said.
'We had weak retail sales last week, and when the RBA cut last week, it suggested that the labour market was softening.'
At its meeting last Tuesday, the RBA cut the cash rate by a quarter of a per cent, to 3.25 per cent.