Investing.com - The Aussie gained slightly on Tuesday in Asia ahead of the latest sentiment readings by National Australia Bank and consumer and producer prices data from China.
AUD/USD traded at 0.7654, up 0.04%, while USD/JPY changed hands at 102.38, down 0.07%.
In Australia, NAB business confidence is due for July with a previous reading of plus-6, along with the NAB business survey with a previous reading of plus-12. China reports CPI for July with a 0.1% gain seen month-on-month and a 1.8% pace seen year-on-year. PPI figures from China are expected to show a fall of 2.0% year-on-year.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.10% to 96.29.
Overnight, the dollar moved higher against the other major currencies on Monday, as Friday’s upbeat U.S. nonfarm payrolls data continued to support.
The greenback strengthened broadly on Friday after the Labor Department said the U.S. economy added 255,000 jobs last month, well above expectations for 180,000.
Meanwhile, the unemployment rate held steady at 4.9%, as more people entered the labor market.
The report also showed that average hourly earnings rose month-on-month by 0.3%, beating expectations for a 0.2% gain. They were up 2.6% on the year.
The upbeat data reignited speculation that the Federal Reserve will lift interest rates this year.