Investing.com - The Australian dollar was higher against its U.S. counterpart on Monday, after the release of positive Australian data as well as a report showing that the Chinese economy expanded in line with expectations in the second quarter.
AUD/USD hit 0.9122 during late Asian trade, the session high; the pair subsequently consolidated at 0.9088, climbing 0.43%.
The pair was likely to find support at 0.8999, the low of July 12 and a three-year low and resistance at 0.9306, the high of July 11.
Official data showed that new motor vehicle sales in Australia rose 4.0% in June, after a 0.3% gain the previous month.
Separately, official data showed that Chinese gross domestic product expanded 7.5% in the second quarter from a year earlier, following growth of 7.7% in the three months to March and in line with expectations.
Separate reports showed that Chinese retail sales rose to 13.3% on a year-over-year basis in June, up from 12.9% in May, while industrial production declined to 8.9% in June from 9.2% the previous month.
China is Australia's biggest export partner.
The Aussie was higher against the euro with EUR/AUD declining 0.61%, to hit 1.4355.
Later in the day, the U.S. was to release official data on retail sales and the Empire State manufacturing index.
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