At 07:00 (AEST), the Australian dollar was buying 72.14 U.S. cents, down from 72.20 U.S. cents on Monday.
"U.S. equities rose further despite the U.S. fiscal package stalemate. Other major asset classes did not follow suit though, haven currencies outperforming and European bonds rallying," Westpac Bank economists said in a morning note.
"AUD/USD slipped 30 pips to 72.10 U.S. cents."
At 09:30 (AEST), the local unit was buying 72.08 U.S. cents.
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