The Australian dollar rose against the greenback today, despite the release of weak data and negative remarks by President Trump on the trade talks.

President Donald Trump said that Beijing still wants a trade deal but his administration "will see what happens" in the coming period."

US Trade Secretary Wilbur Ross said the Trump administration is ready to increase the tariffs on imports from China if no trade deal is reached.

The Australian economy released data today showing that building approvals fell by 8.1% last month, lower than forecasts of a drop by 1%.

Companies' operating profits also fell 0.8%, lower than forecasts of growth by 1%, and commodity prices fell by 5%.

AUD/USD rose by 0.8% to 0.6819 as of 17:05 GMT, and hit an intraday high of 0.6823 and a low of 0.676..

Wheat prices closed on Monday, to give up a 6-month high amid wide sell-off on the Chicago commodity exchange (CBOT), due to renewed concerns over the trade war after President Trump's remarks about potential tariffs hike imposed on China if no trade deal is reached.

Wheat futures rose to a 6-month high last Friday, but profit-taking increased on on Monday.

Weak signals about the US exports also weighed on wheat prices, which indicate that demand could decline.

The USDA report showed wheat exports at 246,968 tonnes last week, compared with 434,703 in the previous week, lower than forecasts of around 400,000 to 600,000.

As for trading, wheat futures (December delivery) fell 0.3% to close at $5.43 a bushel, and hit an intraday high of $5.49 and a low of $5.42.

US stocks fell Monday amid renewed investors' concerns about the trade war between the US and China.

President Donald Trump said that his administration was ready to increase the tariffs on imports from China if no trade deal is reached, adding that Beijing still wants a trade deal and "we'll see what happens in the coming period".

US Commerce Secretary Wilbur Ross also stated that the Trump administration may increase tariffs on Chinese imports.

The ISM manufacturing PMI final reading showed a drop in the US during the last month, which mounted concerns about the pivotal sector.

To the oil market, West Texas Intermediate (WTI) rose 1.4% to close at $55.96 a barrel, and hit a session-high of $56.6 and a low of $55.4.

Brent rose 0.7% to $60.92 a barrel, with a high of $62.09 and a low of $60.7.

As for stocks, Dow Jones fell 0.9% or 268 points to settle at 27,783, and hit a high of 28,109 and a low of 27,782.

Nasdaq dipped 1.1% or 97 points to 8,568, with a high of 8,672 and a low of 8,540.

S&P 500 fell by 0.8% or 27 points to close at 3,114 points, and hit an intraday high of 3,144 and a low of 3,110.

The British pound wiped out earlier losses and inched up against the US dollar today, after the market digested the opinion polls that showed the Labour Party taking the lead ahead of Tories.

Some fear Labour's victory in the December 12 snap election, as it would complicate the Brexit crisis further, because of Jeremy Corbyn's party stance.

Whilst, if the Conservative Party led by Prime Minister Boris Johnson won the majority of parliament seats, the Brexit uncertainty could be resolved, especially after Johnson pledged to exit on January 31 with no delays.

As for trading, GBP/USD rose by 0.1% to 1.2948 as of 20:28 GMT, the pair hit an intraday high of 1.2949 and a low of 1.2896.