AUD/USD Moves Down

AUD/USD is trading at 0.7358, down 0.0057. The pair is trading near the lows of the session Monday morning. Trading is mildly choppy.

The NAB Business Confidence Index for July is due out at 9:30 p.m. ET. Over the weekend China's Balance of Trade came out at 43.03 billion; Year-over-year exports were down 8.3 percent. Imports were down 8.1 percent. China's month-over-month July CPI was up 0.3 percent; Year-over-year July's CPI was up 1.6 percent. Year-over-year PPI data came out down 4.9 percent in July.