A subdued Aussie dollar headed for the end of the first quarter in weak shape and less than a penny away from six-year lows.
A trifecta of factors have weighed on the Aussie such as odds seen as elevated for a Australian rate cut next week from 2.25%, slumping iron ore prices, one of the nation's primary commodity exports, and China's ongoing economic slowdown which keeps a stiff headwind on Australia's economy.
The RBA next meets on April 7 with futures markets seeing about a 70% chance of a rate cut to new record lows of 2.0%.
