The Australian dollar clung to well-trodden territory on Thursday as investors await a run of potentially influential US economic indicators. The Aussie consolidated within this week's range of $0.7614 to $0.7684. It was at $0.7654/59 up from $0.7629/34 late on Wednesday. Reports on US durable goods orders, new home sales, weekly jobless claims, personal consumption expenditure and the University of Michigan's consumer sentiment index are due for release later on Thursday.
Many strategists say that next year, the Australian dollar could hurdle its 2004 peak of $0.8005, achieved in February, but would likely decline again subsequently.
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