Investing.com - The Australian dollar edged higher against its U.S. counterpart on Thursday, after positive Australian data but gains were capped by concerns over ongoing tension in Syria and the possibility of a military intervention in the region by the U.S. and its allies.
AUD/USD hit 0.8979 during late Asian trade, the pair's highest since August 27; the pair subsequently consolidated at 0.8960, adding 0.21%.
The pair was likely to find support at 0.8848, the low of August 5 and resistance at 0.9070, the high of August 26.
In a report, the Australian Bureau of Statistics said private capital expenditure rose 4% in the second quarter, more than the expected 1% increase. The previous quarter's figure was revised up to a 4.1% decline from a previously estimated 4.7% fall.
Meanwhile, market participants remained cautious amid signs of an impending U.S. military strike against Syria, following the alleged use of chemical weapons.
On Wednesday, President Barack Obama said the U.S. has concluded that the Syrian government carried out a chemical weapons attack near Damascus, but added that he had not yet made a decision about whether to intervene militarily.
The Aussie was steady against the New Zealand dollar with AUD/NZD easing up 0.03%, to hit 1.1463.
Also Thursday, data showed that the ANZ business confidence index for New Zealand fell to 48.1 in August, from a reading of 52.8 the previous month.
Later in the day, the U.S. was to publish revised data on second quarter growth and the weekly report on initial jobless claims.
AUD/USD hit 0.8979 during late Asian trade, the pair's highest since August 27; the pair subsequently consolidated at 0.8960, adding 0.21%.
The pair was likely to find support at 0.8848, the low of August 5 and resistance at 0.9070, the high of August 26.
In a report, the Australian Bureau of Statistics said private capital expenditure rose 4% in the second quarter, more than the expected 1% increase. The previous quarter's figure was revised up to a 4.1% decline from a previously estimated 4.7% fall.
Meanwhile, market participants remained cautious amid signs of an impending U.S. military strike against Syria, following the alleged use of chemical weapons.
On Wednesday, President Barack Obama said the U.S. has concluded that the Syrian government carried out a chemical weapons attack near Damascus, but added that he had not yet made a decision about whether to intervene militarily.
The Aussie was steady against the New Zealand dollar with AUD/NZD easing up 0.03%, to hit 1.1463.
Also Thursday, data showed that the ANZ business confidence index for New Zealand fell to 48.1 in August, from a reading of 52.8 the previous month.
Later in the day, the U.S. was to publish revised data on second quarter growth and the weekly report on initial jobless claims.