Investing.com - The Australian dollar slipped lower against its U.S. counterpart on Tuesday, after the release of disappointing Australian business confidence data, although last week's strong U.S. jobs report continued to support sentiment.
AUD/USD hit 0.9076 during late Asian trade, the session low; the pair subsequently consolidated at 0.9081, shedding 0.30%.
The pair was likely to find support at 0.9004, the low of December 5 and resistance at 0.9146, the high of December 3.
The National Australia Bank said its business confidence index ticked down to 5 in November, from an upwardly revised reading of 6 the previous month.
Separately, official data showed that home loans in Australia rose 1% in October, in line with expectations, after a downwardly revised 3.5% increase in September.
Elsewhere, data showed that Chinese retail sales rose by a stronger than expected 13.7% in November, while industrial production rose 10.0%, just shy of expectations.
China is Australia's biggest export partner.
Meanwhile, market sentiment still remained supported after data on Friday showed that the U.S. economy added more jobs than expected in November, pushing the unemployment rate down to a five year low of 7.0%.
The Aussie was lower against the euro, with EUR/AUD rising 0.34% to 1.5138.
AUD/USD hit 0.9076 during late Asian trade, the session low; the pair subsequently consolidated at 0.9081, shedding 0.30%.
The pair was likely to find support at 0.9004, the low of December 5 and resistance at 0.9146, the high of December 3.
The National Australia Bank said its business confidence index ticked down to 5 in November, from an upwardly revised reading of 6 the previous month.
Separately, official data showed that home loans in Australia rose 1% in October, in line with expectations, after a downwardly revised 3.5% increase in September.
Elsewhere, data showed that Chinese retail sales rose by a stronger than expected 13.7% in November, while industrial production rose 10.0%, just shy of expectations.
China is Australia's biggest export partner.
Meanwhile, market sentiment still remained supported after data on Friday showed that the U.S. economy added more jobs than expected in November, pushing the unemployment rate down to a five year low of 7.0%.
The Aussie was lower against the euro, with EUR/AUD rising 0.34% to 1.5138.