The Australian dollar romped higher on Thursday after strong data added to the view the Reserve Bank of Australia (RBA) was done cutting interest rates.
The Aussie leapt as much as half a cent to $0.8981, its highest in nearly a month, from $0.8909 in early trade. It was last at $0.8969, bringing gains so far this week to nearly 2 percent.
(Read more: 2014 a 'litmus test' for Australia economy: Goldman)
A break above key chart resistance of $0.8988 would target $0.9087, the January peak.
The Aussie dollar had already been on the rise after the Reserve Bank of Australia dropped on Tuesday its easing bias and scaled back its verbal campaign for a lower currency.
"Much of the Aussie weakness in December-January was because of the continued perception the RBA was not happy about the high currency," said a trader at a European Bank in Singapore.