Aussie climbs for first session in five

Australian dollar tilted higher in Asian trade off January 4 lows against its US counterpart, following earlier data from Australia. 

As of 02:32 GMT, AUD/USD rose 0.21% to 0.7077, with an intraday high at 0.7083, and a six-week trough at 0.7054. 

Earlier Australian data showed an index tracking business sentiment up to 4 from 3 in December, while house loans tumbled 6.1% in December, sharpening a 0.9% decline in November. 

Federal Reserve Chair Jerome Powell will deliver a speech titled "Economic Development in High Poverty Rural Communities" at the Hope Enterprise Corporation Rural Policy Forum, in Mississippi, later today, while investors await the second round of US-China trade talks in Beijing later this week.