Investing.com - The Australian dollar slipped against its U.S. counterpart on Thursday, re-approaching six-year lows despite better-than-expected Australian trade data, while Wednesday's downbeat U.S. economic reports continued to weigh on the greenback.
AUD/USD hit 0.7569 during late Asian trade, the pair's lowest since March 11; the pair subsequently consolidated at 0.7587, down 0.14%.
The pair was likely to find support at 0.7558, the low of March 11 and resistance at 0.7664, Wednesday's high.
Statistics Australia earlier reported that the country's trade deficit narrowed to A$1.26 billion in February from A$1.00 billion in January, whose figure was revised from a previously estimated deficit of A$0.98 billion.
Analysts had expected the trade deficit to widen to A$1.300 billion in February.
The greenback weakened on Wednesday after the Institute for Supply Management said that its index of purchasing managers fell to a 14-month low of 51.5 last month from a reading of 52.9 in February.
Separately, payroll processing firm ADP reported that non-farm private employment rose by 189,000 last month, below expectations for an increase of 225,000.
Investors were awaiting the U.S. jobs report due out on Friday, which was expected to support expectations for higher interest rates.
The Aussie was lower against the euro, with EUR/AUD gaining 0.62% to 1.4251.
Later in the day, the U.S. was to release data on the trade balance, as well as on initial jobless claims and factory orders.