The Australian dollar is higher on the back of strong Chinese manufacturing data.
At 1700 AEDT on Thursday, the local unit was trading at 96.66 US cents, up from 96.53 cents on Wednesday.
China's manufacturing activity expanded at its strongest pace in seven months in October.
HSBC's preliminary purchasing managers' index (PMI) for this month hit 50.9, a significant improvement from September's 50.2 and the highest since 51.6 in March.
"The data was one of the contributing factors to the Aussie dollar's recovery," Westpac senior currency strategist Sean Callow said.
"We had a very nervous day yesterday, lost a lot of ground, and now it's a case of nerves being calmed a little bit because we've had some stabilisation in regional equities."We had a more positive mood in the region which has helped the Aussie move away from a test of 96 US cents."