Investing.com - The Australian dollar was little changed against the U.S. dollar on Wednesday after data showed that Australian wages grew in line with expectations in the fourth quarter.
AUD/USD hit 1.0366 during late Asian trade, the session high; the pair subsequently consolidated at 1.0353, dipping 0.02%.
The pair was likely to find support at 1.0325, the low of February 14 and near-term resistance at 1.0373, the high of February 15 and a more than one-week high.
The Australian Bureau of Statistics said wages excluding bonuses rose by a seasonally adjusted 0.8% from the prior quarter and rose 3.4% year-on-year.
Private sector wages excluding bonuses rose 0.8% in the fourth quarter, while public-sector wages rose 0.8%.
Elsewhere, the Aussie was sharply higher against the New Zealand dollar, with AUD/NZD jumping 0.74% to 1.2314 after Reserve Bank of New Zealand Governor Graeme Wheeler said the kiwi is overvalued and warned that the bank is ready to intervene.
The Aussie was weaker against the yen, with AUD/JPY down 0.25% to 96.64.
The yen found support as signs of dissent within the government over Prime Minister Shinzo Abe’s push for more aggressive monetary easing steps emerged.
The Federal Reserve was to release the minutes of its most recent policy meeting later in the trading day, while the U.S. was also to release official data on building permits and housing starts.
AUD/USD hit 1.0366 during late Asian trade, the session high; the pair subsequently consolidated at 1.0353, dipping 0.02%.
The pair was likely to find support at 1.0325, the low of February 14 and near-term resistance at 1.0373, the high of February 15 and a more than one-week high.
The Australian Bureau of Statistics said wages excluding bonuses rose by a seasonally adjusted 0.8% from the prior quarter and rose 3.4% year-on-year.
Private sector wages excluding bonuses rose 0.8% in the fourth quarter, while public-sector wages rose 0.8%.
Elsewhere, the Aussie was sharply higher against the New Zealand dollar, with AUD/NZD jumping 0.74% to 1.2314 after Reserve Bank of New Zealand Governor Graeme Wheeler said the kiwi is overvalued and warned that the bank is ready to intervene.
The Aussie was weaker against the yen, with AUD/JPY down 0.25% to 96.64.
The yen found support as signs of dissent within the government over Prime Minister Shinzo Abe’s push for more aggressive monetary easing steps emerged.
The Federal Reserve was to release the minutes of its most recent policy meeting later in the trading day, while the U.S. was also to release official data on building permits and housing starts.