The dollar stalled on Thursday as investors showed a higher risk appetite on signs the overall global growth outlook is improving following a slew of strong U.S. economic data, even as the Federal Reserve looks set to raise interest rates further.
Similarly, the euro edged 0.15% higher to $1.0703, having fallen to its lowest in more than a month earlier in the week.
"The U.S. economy continues to operate well. There's very strong labour market data coming through, and the consumers are well supported," said Jarrod Kerr, chief economist at Kiwibank. "We do think the Fed's got a little bit more work to do."However, the resilience of the U.S. economy has also brought about some cheer that the global growth outlook may not be as grim as initially expected, spurring some risk-on appetite.
The Australian dollar was last 0.09% higher at $0.6913, having slid more than 0.5% earlier in the session, after a surprising fall in Australia's January employment figures.fell for a second straight month in January while the jobless rate jumped to its highest since last May.
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