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."
At 1700 AEDT, the Australian dollar was at 94.26 Japanese yen, up from Wednesday's close of 93.95 yen, and at 69.97 euro cents, down from 70.07 euro cents.
Meanwhile, Australian bond futures prices were mixed.
Westpac interest rate strategist Tim Jung said the market shrugged off the Chinese data to consolidate following a busy week.
"The market just had a bit of a consolidation day after a busy couple of days earlier this week," Mr Jung said.
"The main event that the market was really waiting for was the HSBC manufacturing PMI out of China which did come in slightly ahead of expectations.
"It didn't really have the impact that I would have thought it would have, the market has really just shrugged it off."
At 1630 AEDT on Thursday, the December 10-year bond futures contract was trading at 96.050 (implying a yield of 3.950 per cent), unchanged from Wednesday.The December three-year bond futures contract was at 96.950 (3.050 per cent), down from 96.960 (3.040 per cent).