THE Australian dollar closed higher in line with a stronger gold price and domestic equity market but its moves were generally confined as investors awaited key US economic data.
At 5pm AEDT, the dollar was trading at 91.68 US cents, up from yesterday's close of 91.22 cents.
During the domestic session, the local unit traded between 91.42 US cents and 91.73 cents.
"There were two main factors driving the Aussie today," CMC markets foreign exchange dealer Tim Waterer said.
"The price of gold has pushed higher and ... local equity markets have broken their losing streak and posted modest gains and that's resulted in the Aussie spending most of the day just north of the 91.50 US cent level.
"Our market has been reluctant to make a big breakout either way today."
The local spot price of gold closed at $US1138.65 per fine ounce, $US10.52 stronger than yesterday's closing price of $US1,128.13.
