Australia's share market has narrowly broken a four-day winning run, as investors hold back ahead of a Reserve Bank meeting, hoping for any signs a Santa rally might still be possible.
The S&P/ASX200 fell 10.2 points on Monday, down 0.12 per cent, to 8,624.4, as the broader All Ordinaries gave up 11.1 points, or 0.12 per cent, to 8,915.
Weakness in raw materials, energy stocks and utilities led eight of 11 local sectors lower, while only communications stocks offered some decent resistance, lifting 1.1 per cent.
The Australian dollar is trading at 12-week highs against the greenback, buying 66.43 US cents, up from 66.23 US cents on Friday at 5pm.
