Investing.com - The Australian dollar was steady against its U.S. counterpart on Tuesday, after the release of disappointing Australian business confidence data, while investors eyed a U.S. retail sales report later in the day.
AUD/USD hit 0.9100 during late Asian trade, the session low; the pair subsequently consolidated at 0.9144, dipping 0.04%.
The pair was likely to find support at 0.8974, the low of August 8 and resistance at 0.9221, Monday's high.
In a report, the National Australia Bank said its business confidence index fell to minus 3 in July from a reading of zero the previous month.
The greenback strengthened broadly on Monday amid expectations that U.S. retail sales data would underline the view that the economic recovery strong enough for the Federal Reserve to begin scaling back its asset purchase program later this year.
The U.S. was also to release data on inflation, industrial production, housing starts and consumer confidence later in the week.
The Aussie was lower against the euro with EUR/AUD adding 0.12%, to hit 1.4556.
AUD/USD hit 0.9100 during late Asian trade, the session low; the pair subsequently consolidated at 0.9144, dipping 0.04%.
The pair was likely to find support at 0.8974, the low of August 8 and resistance at 0.9221, Monday's high.
In a report, the National Australia Bank said its business confidence index fell to minus 3 in July from a reading of zero the previous month.
The greenback strengthened broadly on Monday amid expectations that U.S. retail sales data would underline the view that the economic recovery strong enough for the Federal Reserve to begin scaling back its asset purchase program later this year.
The U.S. was also to release data on inflation, industrial production, housing starts and consumer confidence later in the week.
The Aussie was lower against the euro with EUR/AUD adding 0.12%, to hit 1.4556.