The Australian dollar has pushed back above $US1.05, despite the release of weaker-than-expected retail spending figures.
At 5pm AEDT, the dollar was trading at $US105.08, up US0.26c.
Easy Forex currency dealer Francisco Solar said the dollar had traded in a narrow range during the local session, but finished the day higher as traders waited for developments during the US and European sessions overnight.
The currency had fallen below $US1.05 shortly after the release of national retail figures for November at 11.30am AEDT, but climbed back above the symbolic level.
The Australian Bureau of Statistics figures showed that retail spending fell 0.1 per cent in the month, well below economists' expectations of a 0.3 per cent rise.
"The Aussie dollar had a look below $US1.05 briefly following the retail data, but there really hasn't been any conviction in the currency's movements one way or another," Mr Solar said.
He said the dollar's movements were increasingly dependent on the US, amid signs that the world's largest economy was improving and speculation that the US Federal Reserve would end its stimulus program sooner than expected.
"If you see US data improving, that may strengthen the US dollar against the Aussie," he said.
The dollar also made gains against the yen and euro. At 5pm AEDT, it was trading at Y=91.93, up from Y=91.69 on Tuesday, and at 80.30 euro cents, up from 79.85 euro cents.
Meanwhile, Australian bond futures prices moved higher following the retail data.
At 4.30pm AEDT, the March 10-year bond futures contract was trading at 96.620 (implying a yield of 3.38 per cent), up from Tuesday's close of 96.600 (3.4 per cent).
The March three-year bond futures contract was at 97.220 (2.78 per cent), up from 97.170 (2.83 per cent) previously.
