Investing.com - The Australian dollar was steady against its U.S. counterpart on Monday, trading near one-month highs, despite donwbeat new motor vehicle sales data from Australia as disappointing U.S. economic reports on Friday dampened demand for the greenback.
AUD/USD hit 0.9069 during late Asian trade, the pair''s highest since January 13; the pair subsequently consolidated at -, easing up 0.01%.
The pair was likely to find support at 0.8928, the low of February 13 and resistance at 0.9167, the high of December 10.
Official data earlier showed that new motor vehicle sales in Australia dropped 3.5% in January, after a 1.4% increase in December, whose figure was revised down from a previously estimated 1.7% rise.
Meanwhile, the greenback remained under pressure after data on Friday showed that U.S. manufacturing output unexpectedly fell in January as inclement winter weather acted as a drag on growth.
The data fuelled concerns that the economic recovery has lost momentum since the end of last year as inclement winter weather weighed on growth.
The Aussie was steady against the euro, with EUR/AUD inching 0.03% higher to 1.5169.
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