Investing.com - The Australian dollar was steady against its U.S. counterpart on Monday, trading close to a one-month high amid growing hopes for new solutions to the euro zone's debt crisis by the end of the week.
AUD/USD hit 1.0354 during early European trade, the pair's highest since September 16; the pair subsequently consolidated at 0.8043, inching up 0.01.
The pair was likely to find support at 1.0143, the low of October 14 and resistance at 1.0440, the high of September 12.
G-20 finance ministers and central banks concluded talks in Paris on Sunday, endorsing parts of an emerging plan to avoid a Greek default, recapitalize European banks and enhance the euro zone's bailout fund.
The next European Union summit on October 23 was set as the deadline for the new plan to be delivered.
Earlier in the day, official data showed that Australian new motor vehicle sales slipped 1.5% in September, easing off a 15-month high hit the previous month.
Meanwhile, the Aussie was lower against the euro with EUR/AUD easing up 0.04%, to hit 1.3432.
Later in the day, the U.S. was to publish official data on industrial production, as well as a report on manufacturing activity in New York state.
AUD/USD hit 1.0354 during early European trade, the pair's highest since September 16; the pair subsequently consolidated at 0.8043, inching up 0.01.
The pair was likely to find support at 1.0143, the low of October 14 and resistance at 1.0440, the high of September 12.
G-20 finance ministers and central banks concluded talks in Paris on Sunday, endorsing parts of an emerging plan to avoid a Greek default, recapitalize European banks and enhance the euro zone's bailout fund.
The next European Union summit on October 23 was set as the deadline for the new plan to be delivered.
Earlier in the day, official data showed that Australian new motor vehicle sales slipped 1.5% in September, easing off a 15-month high hit the previous month.
Meanwhile, the Aussie was lower against the euro with EUR/AUD easing up 0.04%, to hit 1.3432.
Later in the day, the U.S. was to publish official data on industrial production, as well as a report on manufacturing activity in New York state.