The Australian dollar closed flat on Thursday as Chinese economic data failed to lift investor appetite for growth assets such as equities and commodity-driven currencies.
At 1700 AEDT, the Australian dollar was trading at $US0.9225/28, slightly up from Wednesday's close of $US0.9223/26.
During the day, the unit moved between $US0.9226 and $US0.9299.
Chinese gross domestic product (GDP) rose at an annual pace of 8.9 per cent in the September quarter, compared with 7.9 per cent in the June quarter.
Growth in the world's third largest economy for the first nine months of the year was 7.7 per cent and officials have said they expect the economy to at least reach the annual growth target of eight per cent.
Other Chinese data released by China's National Statistics Bureau showed strong growth in industrial production, fixed asset investment and retail sales.
A senior dealer with online currency trader OzForex, Francisco Solar, said the local currency rose on the release of the Chinese data but fizzled as equity markets weakened in afternoon trade.
The benchmark S&P/ASX200 index closed down 0.53 per cent on Thursday.
"We had a move up in the Aussie on the initial release of the Chinese data," Mr Solar said.
"It helped that it did come out on consensus."
Mr Solar said the currency lost its steam after Chinese officials confirmed the Chinese economy was on target for its annual growth of 8 per cent.
"There was a pullback in currencies after those news releases," he said.
"The market was a bit disappointed that it was not a better number."
The Australian dollar had hit a 14-month high of $US0.9330 during Wednesday's overnight session (AEDT), but receded following a weak finish on Wall Street.
The Dow Jones Industrial Average closed down 0.92 per cent, while the Standard and Poor 500 index finished 0.89 per cent lower.
Economic data due in the US during Thursday night's (AEDT) offshore session includes the Conference Board's index of leading indicators for September and initial jobless claims for week ending October 17.
Financial markets forecast 519,00 applications for first time jobless benefits, up 5,000 from the previous week.
At 1600 AEDT, the RBA's trade weighted index (TWI) was at 71.2, up from Wednesday's close of 71.0.
