Investing.com - The Australian dollar edged lower against its U.S. counterpart on Thursday, but losses were expected to remain limited as the Federal Reserve's latest meeting minutes dampened demand for the greenback.
AUD/USD hit 0.7786 during late Asian trade, the session low; the pair subsequently consolidated at 0.7789, slipping 0.29%.
The pair was likely to find support at 0.7720, the low of February 13 and resistance at 0.7879, the high of February 6.
Sentiment on the greenback remained fragile after Fed policymakers expressed concern that raising interest rates too soon could dampen the U.S. economic recovery, according to the minutes of central bank's January meeting.
"Clearly, there are some more dovish members that feel the economy is still not strong enough to support steady pricing, so that is holding the Fed back from normalizing policy," the Fed said.
The Aussie was lower against the euro, with EUR/AUD gaining 0.44% to 1.4657.
Later in the day, the U.S. was to publish a report on manufacturing activity in the Philadelphia region and the weekly government figures on initial jobless claims.