The Australian dollar is back where it finished the local session on Friday, managing to hold its ground despite falls in base metals prices and US stocks.

At 0635 AEDT on Monday, the local currency was worth 77.07 US cents, a touch down from 77.09 US cents on Friday.

Wall Street and industrial prices metals plunged on Friday as investors fret over the possibility of global trade after US President Donald Trump announced tariffs on up to US$60 billion (US$77.8 billion) of Chinese goods.

AAP

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