At 07:00 (AEST), the Australian dollar was buying 77.72 U.S. cents, up from 77.07 U.S. cents on Tuesday.
The U.S. dollar weakened following a corrective rally which saw the Aussie sink to its lowest level since January 5, bottoming at 76.69 U.S. cents on Tuesday.
At 09:30 (AEST), the local unit was buying 77.71 U.S. cents.
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