Dollar rallies above US95c

The Australian dollar has rallied above 95 US cents thanks to strong retail sales and house prices data.

At 0630 AEDT, the local unit was trading at 95.07 US cents, up from 94.88 cents on Monday.

Data released by the Australian Bureau of Statistics on Monday showed retail spending rose 0.8 per cent in September, beating economists' expectations of a 0.4 per cent rise.

Capital city house prices rose 1.9 per cent in the September quarter and 7.6 per cent in the year to September.