Investing.com - The Australian dollar ticked higher on Wednesday as investors looked ahead to consumer prices.
AUD/USD traded at 0.7422, up 0.03%, while USD/JPY changed hands at 123.84, down 0.03%.
In Australia, the June Westpac-MI Leading Index is due at 1030 Sydney time (0030 GMT) followed by second quarter CPI data at 1130 (0130 GMT).
The May Westpac-MI outcome disappointed with a fall in a growth rate and according to Westpac the latest update looks likely to show a further easing in the growth pulse.
For CPI, the headline is expected to rise 0.8% quarter-on-quarter from 0.2% in the first quarter mainly on fuel prices but underlying inflation is expected to remain subdued at 0.6%.
At 1305 Sydney (0305 GMT) where RBA Gov Glenn Stevens is due to make a speech at the Anika Foundation luncheon.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.05% at 97.37.
Overnight, the dollar pushed lower against a basket of other major currencies on Tuesday, as investors continued to lock in profits from the greenback's recent rise to three-month highs as expectations for a U.S. rate hike in the near future still supported the currency.
Trading volumes were expected to remain light with no major U.S. data to be released throughout the day.
The dollar remained supported after Federal Reserve Chair Janet Yellen said last week that the Fed is likely to raise rates "at some point this year."
The single currency found mild support after Greek banks reopened on Monday, following a forced 3-week closure, while restrictions on cash withdrawals remained in place.
Also Monday, Greece repaid the totality of its arrears of about €2.0 billion to the International Monetary Fund. "Greece is no longer in arrears to the IMF," the Fund's spokesman Gerry Rice announced on Monday.
"The Fund stands ready to continue assisting Greece in its efforts to return to financial stability and growth," Rice added.
The Greek Parliament was scheduled to vote on further austerity measures on Wednesday.