Australian dollar rose in Asian trade off January 4 lows for the second session out of three against its US counterpart, following Australian data and ahead of other US data today.
As of 04:50 GMT, AUD/USD rose 0.45% to 0.7121, with an intraday high at 0.7122.
Earlier Australian data showed consumer inflation expectations rose to 3.7% from 3.5% in January.
Now investors await US retail sales data, with GDP growth expected down to 0.1% from 0.2%, while retail sales are expected at zero.
Producer prices are expected up 0.1% m/m, and 2.1% y/y.
Core prices are estimated up 0.2%, compared to a 0.1% dip in December, while unemployment claims are expected down 9 thousand to 225 thousand.