The Australian dollar has closed higher in late trade, with the Reserve Bank of Australia's (RBA's) low-dollar rhetoric at yesterday's board meeting failing to stick.
At the local close of 1700 AEDT, the currency was trading around 95.17 US cents, up from 94.75 US cents at yesterday's close.
FXCM market analyst David de Ferranti said RBA governor Glenn Stevens' comment that the Australian dollar was "uncomfortably high", which had pushed the dollar lower in yesterday's trade, was not enough to leave a lasting impression.
"While the RBA seems intent on jawboning the exchange rate lower, the interest rate outlook remains unchanged, which helps to maintain a high demand for the Aussie as a high-yielding currency," Mr de Ferranti said.
"Traders are now waiting for a meaningful catalyst to help the AUD/USD break away from the US 94 to 95 cent range."
He said a better-than-expected result in tomorrow's employment figures could push the currency higher still.
