Investing.com - The Australian dollar held steady near one-month highs against its U.S. counterpart on Wednesday, after the release of positive consumer sentiment data from Australia:
AUD/USD hit 0.9390 during late Asian trade, the pair's highest since May 15; the pair subsequently consolidated at 0.9377, inching up 0.05%.
The pair was likely to find support at 0.9319, the low of June 6 and resistance at 0.9409, the high of May 14.
In a report, the Westpac Banking Corporation sent consumer sentiment in Australia rose 0.2% in June, after a 6.8% decline the previous month.
Meanwhile, demand for the dollar remained supported by higher U.S. Treasury yields. The yield on the U.S. 10-year Treasury note rose to 2.64% on Tuesday, its highest in a month.
The Aussie was fractionally higher against the euro, with EUR/AUD easing 0.09% to 1.4438.
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