Investing.com - The Australian dollar slipped lower against its U.S. counterpart on Monday, after the release of downbeat Australian data, although last week's U.S. economic reports continued to weigh on the greenback.
AUD/USD hit 0.9432 during late Asian trade, the session high; the pair subsequently consolidated at 0.9405, falling 0.19%.
The pair was likely to find support at 0.9354, the low of June 26 and resistance at 0.9461, the high of April 10.
Industray data earlier showed that new home sales in Australia dropped 4.3% last month, after a 2.9% increase in April.
But the greenback remained under pressure after official data last week showed that the U.S. economy contracted at an annual rate of 2.9% in the first three months of the year.
Another report showed that U.S. consumer spending rose by just 0.2% in May, below forecasts for 0.4%.
The Aussie was higher against the New Zealand dollar, with AUD/NZD rising 0.21% to 1.0766.
Also Monday, data showed that the ANZ business confidence index for New Zealand ticked down to 42.8 this month, from a reading of 53.5 in May.
A separate report showed that building consents in New Zealand dropped 4.6% in May, after an increase of 1.9% in April, whose figure was revised up from a previously estimated 1.5% rise.
Later in the day, the U.S. was to produce data on manufacturing activity in the Chicago region and a report on pending home sales.