Aussie scales two-week high ahead of Fed's minutes

Australian dollar tilted higher in Asian trade away from January 4 lows for the fifth session out of seven, following earlier Australian data and ahead of US data today. 

As of 02:36 GMT, AUD/USD rose 0.13% to 0.7174, with a session-low at 0.7152, and a two-week high at 0.7177. 

Earlier Australian data showed the leading index unchanged, while wages rose 0.5%, slowing down from 0.6%. 

The Reserve Bank of Australia released the minutes of its last meeting, at which rates were held steady at 1.5% as expected. 

The RBA believes rate expectations are mostly balanced, which was interpreted as caution and bearish by the market. 

Now investors await the Federal Reserve's meeting minutes for the January 29-30 meeting, at which policymakers voted to hold rates unchanged below 2.50%.