Investing.com - The Australian dollar fell to fresh four-and-a-half year lows against its U.S. counterpart on Tuesday, after the release of disappointing Australian business confidence data and as demand for the greenback remained broadly supported.
AUD/USD hit 0.8303 during late Asian trade, the pair's lowest since June 2010; the pair subsequently consolidated at 0.8241, retreating 0.63%.
The pair was likely to find support at 0.8086 and resistance at 0.8325, Monday's high.
In a report, the National Australia Bank said its business confidence index fell to 1 in November from 4 the previous month.
Meanwhile, the greenback remained broadly supported after the Labor Department reported last Friday that the U.S. economy added 321,000 jobs in November, far more than the 225,000 forecast by economists and the largest monthly increase in almost three years.
The strong data fuelled to expectations for the Federal Reserve to raise interest rates mid-2015, compared to expectations for September 2015 before the report.
Earlier Tuesday, the Wall Street Journal reported that Fed officials are looking at dropping an assurance that interest rates will stay low for a "considerable time", in its statement, following its upcoming policy meeting next week.
The Aussie was also lower against the euro, with EUR/AUD gaining 0.79% to 1.4965.