Investing.com - The Australian dollar edged higher against its U.S. counterpart on Tuesday, after the release of upbeat house price data from Australia, although demand for the greenback also remained supported.
AUD/USD hit 0.7148 during late Asian trade, the session high; the pair subsequently consolidated at 0.7143, adding 0.17%.
The pair was likely to find support at 0.7081, the low of September 15 and resistance at 0.7197, Monday's high.
The Australian Bureau of Statistics reported on Tuesday that its house price index increased by 4.7% in the second quarter, beating expectations for a 2.5% rise, after a 1.6% gain in the three months to March.
Meanwhile, the greenback continued to regain strength after the U.S. central bank left short-term interest rates unchanged last Thursday, amid concerns over soft inflation and the effects of recent market volatility on the U.S. economy.
The Fed said it wanted to see "some further improvement in the labor market," and be "reasonably confident" that inflation will increase before hiking rates.
While the decision was not completely unexpected the Fed’s concerns over the uncertain outlook for global growth rattled financial markets and pressured the dollar lower.
The Aussie was higher against the euro, with EUR/AUD sliding 0.38% to 1.5630.