At 07:00 (AEST), the Australian dollar was buying 77.73 U.S. cents, up from 77.09 U.S. cents on Monday.
"The equity rebound in Asia extended to Europe and the U.S., with the S&P 500 posting its largest gain since June 2020," Westpac Bank economists said in a morning note.
At 09:00 (AEST), the local unit was buying 77.81 U.S. cents.
Latest comments