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Aussie continues to recover despite weak confidence data
Australian dollar rose on Wednesday against the US counterpart despite earlier disappointing confidence data from Australia.
The Consumer Confidence survey fell 2.3% in February, after rising 1.8% in January.
AUD/USD rose 0.7866 from the opening of 0.7858, with an intraday high at 0.7851, and a low at 0.7851.
Aussie's recovery comes as US dollar lost ground against major rivals, tumbling to five-month lows against ten as markets await crucial US inflation data this week.
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