Investing.com - The Australian dollar was lower against its U.S. counterpart on Thursday, as uncertainty over whether the Federal Reserve will begin tapering its bond purchases before the year end continued.
AUD/USD hit 0.9329 during late Asian trade, the session low; the pair subsequently consolidated at 0.9330, down 0.29%.
The pair was likely to find support at 0.9272, the low of November 12 and a two-month low and a resistance at 0.9436, the high of October 1.
In a statement released late Wednesday, Federal Reserve Chairman nominee Janet Yellen said the job market and economy are "performing far short of their potential" and there is "more work to do" on recovery.
In Australia, the Melbourne Institute said inflation expectations ticked down to 1.9% in October, from 2% the previous month.
The Aussie was steady against the New Zealand dollar with AUD/NZD inching down 0.03%, to hit 1.1286.
Also Thursday, official data showed that New Zealand retail sales rose 0.3% in the third quarter, disappointing expectations for a 0.9% increase, after a downwardly revised 1.5% rise in the three months to June.
Core retail sales, which exclude automobiles and gas stations, ticked down 0.1% in the last quarter, compared to expectations for a 1.4% rise, after a downwardly revised 2.1% increase in the second quarter.
A separate report showed that New Zealand's Business Manufacturing Index rose to 55.7 in October, from a reading of 54.2 the previous month.
Later in the day, the U.S. was release official data on the trade balance, as well as the weekly report on initial jobless claims.
AUD/USD hit 0.9329 during late Asian trade, the session low; the pair subsequently consolidated at 0.9330, down 0.29%.
The pair was likely to find support at 0.9272, the low of November 12 and a two-month low and a resistance at 0.9436, the high of October 1.
In a statement released late Wednesday, Federal Reserve Chairman nominee Janet Yellen said the job market and economy are "performing far short of their potential" and there is "more work to do" on recovery.
In Australia, the Melbourne Institute said inflation expectations ticked down to 1.9% in October, from 2% the previous month.
The Aussie was steady against the New Zealand dollar with AUD/NZD inching down 0.03%, to hit 1.1286.
Also Thursday, official data showed that New Zealand retail sales rose 0.3% in the third quarter, disappointing expectations for a 0.9% increase, after a downwardly revised 1.5% rise in the three months to June.
Core retail sales, which exclude automobiles and gas stations, ticked down 0.1% in the last quarter, compared to expectations for a 1.4% rise, after a downwardly revised 2.1% increase in the second quarter.
A separate report showed that New Zealand's Business Manufacturing Index rose to 55.7 in October, from a reading of 54.2 the previous month.
Later in the day, the U.S. was release official data on the trade balance, as well as the weekly report on initial jobless claims.