Investing.com - The Australian dollar sunk to an 8-day low against its U.S. counterpart on Wednesday, following the release of mixed economic data on wages and construction in Australia.
AUD/USD shed 0.6% to hit 0.8862 during European morning trade, its lowest rate since Feb. 15. The pair was likely to find support at 0.8750, the low of Feb. 11, and resistance at 0.9071, Tuesday's high.
The Aussie also fell against the yen, with AUD/JPY dropping 0.8% to hit 79.77.
Earlier Wednesday, Australia's Bureau of Statistics said total construction work done in the country rose a seasonally adjusted 2.6% in the fourth quarter, from the previous reading of 1.6%, which was revised down from 2.2%. Economists had expected the figure only to come in at 2.2%.
But the upbeat data was offset by a worse-than-expected report on Australian wages, which increased 0.6% on the quarter, falling short of forecasts of a 0.7% rise.