At 07:00 (AEST), the Australian dollar was buying 77.03 U.S. cents, up from 76.67 U.S. cents on Monday.
The Aussie reached as high as 77.11 U.S. cents early Tuesday morning before it retreated and remained steady around 77.00 level as the greenback became softer against other G10 currencies on the day.
"Asia's upbeat equity mood extended to Europe and the U.S., where the S&P 500 closed at another record high," Westpac Bank economists said in a morning note.
"AUD/USD rose from lows near 0.7650 to 0.7715, steadying around the figure. "
At 09:00 (AEST), the local unit was buying 77.03 U.S. cents.
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