Australian dollar in tight range

The Australian dollar was little changed on Friday against a broadly stronger US dollar on a firming investor view that US inflation data was not weak enough for the Federal Reserve to cut interest rates.
Without any major domestic data next week, the Aussie will be vulnerable to offshore data, although analysts said it was likely to stay within familiar ranges after forming support at $0.7620 and there was a risk it could even test above $0.7700.
The Aussie/US dollar, the world's fourth most traded currency pair, was quoted at $0.7662/67 compared with $0.7660/64 here late on Thursday, according to Reuters data. It ranged from $0.7656 to $0.7672.