The Australian dollar slipped late in the day after the central bank said recent data suggested house prices fell further in the June quarter, dampening speculation of the need for higher cash rates.
The Aussie had made a full recovery from an offshore low towards US 72.20 cents, touching a high of 72.60 cents and prior to a special report by the Reserve Bank of Australia on "Measuring House Prices" in its monthly bulletin.
The AUD was $0.7238/42 compared with $0.7251/56 late here on Wednesday.