Investing.com - The Australian dollar rose against its U.S. counterpart on Thursday, after the release of mixed economic reports from Australia, as Wednesday's disappointing U.S. data continued to weigh on the greenback.
AUD/USD hit 0.7352 during late Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 0.7323, rising 0.32%.
The pair was likely to find support at 0.7195, Wednesday's low and resistance at 0.7384, the high of October 12.
The Australian Bureau of Statistics reported on Thursday that the number of employed people declined by 5,100 in September, compared to expectations for an increase of 5,000.
The number of employed people rose by 18,000 in August, whose figure was revised from a previously estimated gain of 17,400.
Australia's unemployment rate remained unchanged at 6.2% last month, confounding expectations for an uptick to 6.3%.
Separately, the Melbourne Institute said its inflation expectations for the next 12 months rose to 3.5% in September, from 3.2% the previous month.
Meanwhile, the greenback remained under pressure after the U.S. Commerce Department reported on Wednesday that retail sales increased by 0.1% last month, missing expectations for a gain of 0.2%.
Data also showed that producer price inflation in the U.S. fell for the first time in five months in September.
The weak economic reports fuelled expectations that a U.S. rate hike could be delayed for an even longer period than expected.
The Aussie was higher against the euro, with EUR/AUD declining 0.30% to 1.5671.