At 07:00 (AEST), the Australian dollar was buying 71.34 U.S. cents, up from 70.73 U.S. cents on Tuesday.
The Aussie was back above 71 U.S. cents after slumping to a two-month low around 70 U.S. cents earlier in the week.
"The U.S. dollar index fell for a second day after last week's surge. AUD/USD rose to one week highs around 71.35 U.S. cents," Westpac Bank economists said in a morning note.
At 09:30 (AEST), the local unit was buying 71.41 U.S. cents.
Latest comments