Investing.com - The Australian dollar was almost unchanged against its U.S. counterpart on Thursday, as Wednesday's downbeat U.S. data continued to weigh on demand for the greenback.
AUD/USD hit 0.9415 during late Asian trade, the session low; the pair subsequently consolidated at 0.9412, inching up 0.06%.
The pair was likely to find support at 0.9323, the low of June 18 and resistance at 0.9445, the high of June 23.
The greenback weakened broadly after the Commerce Department on Wednesday said gross domestic product contracted at an annual rate of 2.9% in the first three months of the year, compared to the consensus forecast for a decline of 1.7%.
U.S. first quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.
The difference between the second and third estimate was the largest since records began in 1976, the Commerce Department said.
A separate report showed that U.S. durable goods orders fell 1.0% in May, the first decline in four months.
The Aussie was steady against the euro, with EUR/AUD dipping 0.01% to 1.4488.
Later in the day, he U.S. was to release data on personal income and expenditure, as well as data on inflation linked to personal spending.