The Australian dollar rebounded on Thursday against a broadly weak US dollar, supported by rising commodity prices and improved appetite for riskier assets and higher-yielding currencies.
But soft data on domestic building approval and a 41 percent jump in Australia's trade deficit saw the currency trim gains from a high of $0.9368 against the US dollar.
The Aussie rose 1 percent to $0.9352/55 against the US dollar from $0.9259/64 late here on Wednesday. It fell to $0.9235 on Wednesday, its lowest since February 25, after a senior Reserve Bank of Australia (RBA) official said significant dampening forces were at work that could help curb inflation.