Investing.com - The Australian dollar fell against its U.S. counterpart on Thursday, as the greenback recovered from recent losses posted amid speculation the Federal Reserve will push back rate hikes until 2016.
AUD/USD hit 0.7165 during late Asian trade, the session low; the pair subsequently consolidated at 0.7174, sliding 0.46%.
The pair was likely to find support at 0.7067, the low from October 6 and resistance at 0.7238, Wednesday's high and a two-week high.
The greenback remained under pressure by diminished expectations for a rate hike by the Fed this year in the wake of last Friday's unexpectedly weak U.S. jobs report for September.
Market participants were eyeing the minutes of the Fed's latest policy meeting, due later in the day, for further indications on the central bank's next policy moves.
The Aussie was also lower against the euro, with EUR/AUD climbing 0.55% to 1.5679.