Investing.com - The Australian dollar was higher against its U.S. counterpart on Tuesday, after the release of relatively positive Australian business confidence data, although recent signs of a strong recovery of the U.S. jobs market continued to support the greenback.
AUD/USD hit 0.9148 during late Asian trade, the session high; the pair subsequently consolidated at 0.9162, adding 0.31%
The pair was likely to find support at 0.9145, Monday's low and resistance at 0.9250, the high of July 2.
Data showed that Australia's NAB business confidence index rose to zero in June, from a reading of minus 1 the previous month.
Meanwhile, demand for the U.S. dollar remained supported after data last week showed that the U.S. economy added 195,000 jobs in June, more than the 165,000 increase forecast by economists.
Federal Reserve Chairman Ben Bernanke said last month the bank could begin tapering its USD85 billion-a-month asset purchase program by the end of 2013 if the economy picks up as the central bank expects.
The Aussie was higher against the euro with EUR/AUD slipping 0.17%, to hit 1.4067.
AUD/USD hit 0.9148 during late Asian trade, the session high; the pair subsequently consolidated at 0.9162, adding 0.31%
The pair was likely to find support at 0.9145, Monday's low and resistance at 0.9250, the high of July 2.
Data showed that Australia's NAB business confidence index rose to zero in June, from a reading of minus 1 the previous month.
Meanwhile, demand for the U.S. dollar remained supported after data last week showed that the U.S. economy added 195,000 jobs in June, more than the 165,000 increase forecast by economists.
Federal Reserve Chairman Ben Bernanke said last month the bank could begin tapering its USD85 billion-a-month asset purchase program by the end of 2013 if the economy picks up as the central bank expects.
The Aussie was higher against the euro with EUR/AUD slipping 0.17%, to hit 1.4067.