Investing.com - The Australian dollar edged higher against its U.S. counterpart on Thursday, after the release of upbeat data out of Australia, although the greenback found support following the Federal Reserve's policy statement on Wednesday.
AUD/USD hit 0.9508 during late Asian trade, the session high; the pair subsequently consolidated at 0.9494, edging up 0.11%.
The pair was likely to find support at 0.9426, the low of October 13 and resistance at 0.9547, the high of October 29.
Official data earlier showed that building approvals in Australia climbed 14.4% in September, beating expectations for a 2.7% increase, after an upwardly revised 1.6% decline the previous month.
A separate report showed that import prices in Australia rose 6.1% in the third quarter, more than the expected 4.0% gain, after a 0.3% fall in the the three months to June.
Meanwhile, the Fed left its USD85 billion-a-month asset purchase program in place and gave no clear indication whether it would start scaling back stimulus at the December meeting or continue it into the start of 2014.
"The housing sector has slowed somewhat in recent months," the Fed statement said. However, Fed officials stuck to the view that the economy is expanding "at a moderate pace" and said downside risks were diminishing.
The Aussie was higher against the euro with EUR/AUD shedding 0.33%, to hit 1.4435.
Later in the day, the U.S. was to release data on initial jobless claims and a report on manufacturing activity in the Chicago region.
AUD/USD hit 0.9508 during late Asian trade, the session high; the pair subsequently consolidated at 0.9494, edging up 0.11%.
The pair was likely to find support at 0.9426, the low of October 13 and resistance at 0.9547, the high of October 29.
Official data earlier showed that building approvals in Australia climbed 14.4% in September, beating expectations for a 2.7% increase, after an upwardly revised 1.6% decline the previous month.
A separate report showed that import prices in Australia rose 6.1% in the third quarter, more than the expected 4.0% gain, after a 0.3% fall in the the three months to June.
Meanwhile, the Fed left its USD85 billion-a-month asset purchase program in place and gave no clear indication whether it would start scaling back stimulus at the December meeting or continue it into the start of 2014.
"The housing sector has slowed somewhat in recent months," the Fed statement said. However, Fed officials stuck to the view that the economy is expanding "at a moderate pace" and said downside risks were diminishing.
The Aussie was higher against the euro with EUR/AUD shedding 0.33%, to hit 1.4435.
Later in the day, the U.S. was to release data on initial jobless claims and a report on manufacturing activity in the Chicago region.