Investing.com - The Australian dollar was up against its U.S. counterpart on Wednesday, easing off a seven-week low as investors eyed a key meeting in Cannes on Greece's surprise referendum call.
AUD/USD hit 1.0414 during late Asian trade, daily low; the pair subsequently consolidated at 1.0395, rising 0.62%.
The pair was likely to find support at 1.0202, the low of October 19 and resistance at 1.0500, the high of October 24.
Ahead of the November 3-4 Group of 20 summit, German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou were due to meet in Cannes on Wednesday, to discuss Athens' decision to vote on the country's latest bailout deal.
If the deal is rejected, Greece could face bankruptcy and would potentially jeopardize its membership to the single currency bloc.
Earlier Wednesday, official data showed that building approvals in Australia fell far more-than-expected in September, tumbling 13.6% after a 10.7% increase the previous month.
Analysts had expected building approvals to decline 4.5% in September.
Elsewhere, the Aussie was up against the euro with EUR/AUD shedding 0.34%, to hit 1.3219.
Later in the day, the U.S. was to release private sector data on non-farm payrolls.
Meanwhile, the Federal Reserve was to hold its policy-setting meeting; Fed Chairman Ben Bernanke was to conduct the bank’s post-policy meeting press conference.
AUD/USD hit 1.0414 during late Asian trade, daily low; the pair subsequently consolidated at 1.0395, rising 0.62%.
The pair was likely to find support at 1.0202, the low of October 19 and resistance at 1.0500, the high of October 24.
Ahead of the November 3-4 Group of 20 summit, German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou were due to meet in Cannes on Wednesday, to discuss Athens' decision to vote on the country's latest bailout deal.
If the deal is rejected, Greece could face bankruptcy and would potentially jeopardize its membership to the single currency bloc.
Earlier Wednesday, official data showed that building approvals in Australia fell far more-than-expected in September, tumbling 13.6% after a 10.7% increase the previous month.
Analysts had expected building approvals to decline 4.5% in September.
Elsewhere, the Aussie was up against the euro with EUR/AUD shedding 0.34%, to hit 1.3219.
Later in the day, the U.S. was to release private sector data on non-farm payrolls.
Meanwhile, the Federal Reserve was to hold its policy-setting meeting; Fed Chairman Ben Bernanke was to conduct the bank’s post-policy meeting press conference.