The Australian dollar is lower as the major US stocks index suffer heavy falls, weighed down by tech stocks .
At 0635 AEDT on Wednesday, the local currency was worth 76.78 US cents, down from 77.30 US cents on Tuesday.
After enjoying some gains on Monday, Wall Street resumed its slide that started last week, on the back of nervousness over a possible trade war between China and the US.
CURRENCY SNAPSHOT AT 0635 AEDT ON WEDNESDAY
One Australian dollar buys:
* 76.78 US cents, from 77.30 on Tuesday
* 80.98 Japanese yen, from 81.66 yen
* 61.90 euro cents, from 62.10 euro cents
(*Currency closes taken at 1700 AEDT previous local session)
