Investing.com - The Australian dollar was lower against its U.S. counterpart on Tuesday, as euro zone finance ministers and the International Monetary Fund failed to agree on a long-term plan to reduce Greece's debt, preventing the release of immediate aid to Athens.
AUD/USD hit 1.0397 during European morning trade, the daily low; the pair subsequently consolidated at 1.0410, falling 0.17%.
The pair was likely to find support at 1.0359, the low of November 9 and resistance at 1.0448, the high of November 6.
At a meeting in Brussels on Monday, euro-area finance ministers gave Greece until 2016 to cut the deficit to 2% of gross domestic product.
They also put off until November 20 a decision on how to cover additional Greek needs of as much as EUR32.6 billion and left unclear whether the IMF will continue to contribute.
Meanwhile, the National Australia Bank said in a report that its index of business confidence deteriorated to minus 1 in October, from a reading of zero the previous month.
Elsewhere, the Aussie was steady against the euro with EUR/AUD dipping 0.03%, to hit 1.2187.
Later in the day, the U.S. was to release official data on the federal budget balance.
AUD/USD hit 1.0397 during European morning trade, the daily low; the pair subsequently consolidated at 1.0410, falling 0.17%.
The pair was likely to find support at 1.0359, the low of November 9 and resistance at 1.0448, the high of November 6.
At a meeting in Brussels on Monday, euro-area finance ministers gave Greece until 2016 to cut the deficit to 2% of gross domestic product.
They also put off until November 20 a decision on how to cover additional Greek needs of as much as EUR32.6 billion and left unclear whether the IMF will continue to contribute.
Meanwhile, the National Australia Bank said in a report that its index of business confidence deteriorated to minus 1 in October, from a reading of zero the previous month.
Elsewhere, the Aussie was steady against the euro with EUR/AUD dipping 0.03%, to hit 1.2187.
Later in the day, the U.S. was to release official data on the federal budget balance.