The Australian dollar has fallen slightly against the US dollar despite there being strong gains on Wall Street overnight.
At 0635 AEDT on Wednesday, the Australian dollar was worth 76.56 US cents, down from 76.80 US cents on Tuesday.
BK Asset Management's Boris Schlossberg said commodity currencies were weaker overnight, and the Australian dollar lost ground by data that showed weak new home sales numbers.
New home sales dropped another 6.1 per cent in September, according to the latest Housing Industry Association report.
CURRENCY SNAPSHOT AT 0635 AEDT ON WEDNESDAY
One Australian dollar buys:
* 76.56 US cents, from 76.80 on Tuesday
* 87.04 Japanese yen, from 86.90 yen
* 65.72 euro cents, from 66.00 euro cents
(*Currency closes taken at 1700 AEDT previous local session)
