The Australian dollar trimmed its early losses against most major rivals in New York deals on Monday.

The aussie was trading at 0.7324 against the greenback and 1.5141 against the euro, off an early low of 0.7265 and more than a 7-month low of 1.5247, respectively.

The aussie reversed from near a 3-week low of 89.64 against the yen and near a 2-week low of 0.9451 versus the loonie, rising to 90.12 and 0.9521, respectively.

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