Investing.com - The Australian dollar was lower against its U.S. counterpart on Tuesday, after European ministers rejected an offer made by private bondholders to help restructure Greece's debt and as downbeat Australian data weighed.
AUD/USD hit 1.0484 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0503, shedding 0.20%.
The pair was likely to find support at 1.0382, the low of January 20 and resistance at 1.0573, Monday’s high.
At a meeting in Brussels on Monday, ministers said they could not accept bondholders' demands for an interest rate of 4% on new, longer-dated bonds that are expected to be issued in exchange for their existing Greek holdings.
Greece said it is not prepared to pay an interest rate of more than 3.5%, and euro zone finance ministers as well as the International Monetary Fund backed the Greek government's position.
However, Olli Rehn, the European Commissioner for Economic and Monetary Affairs, said he expected a deal on the debt swap to be struck "within days".
In Australia, the Conference Board said in a report earlier that its leading index declined 0.3% in November after a 0.5% rise the previous month.
Elsewhere, the Aussie was lower against the euro with EUR/AUD adding 0.31%, to hit 1.2405.
EU finance ministers were to hold discussions in Brussels throughout the day.
AUD/USD hit 1.0484 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0503, shedding 0.20%.
The pair was likely to find support at 1.0382, the low of January 20 and resistance at 1.0573, Monday’s high.
At a meeting in Brussels on Monday, ministers said they could not accept bondholders' demands for an interest rate of 4% on new, longer-dated bonds that are expected to be issued in exchange for their existing Greek holdings.
Greece said it is not prepared to pay an interest rate of more than 3.5%, and euro zone finance ministers as well as the International Monetary Fund backed the Greek government's position.
However, Olli Rehn, the European Commissioner for Economic and Monetary Affairs, said he expected a deal on the debt swap to be struck "within days".
In Australia, the Conference Board said in a report earlier that its leading index declined 0.3% in November after a 0.5% rise the previous month.
Elsewhere, the Aussie was lower against the euro with EUR/AUD adding 0.31%, to hit 1.2405.
EU finance ministers were to hold discussions in Brussels throughout the day.