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The Australian dollar is weaker against its US counterpart, and back teasing with the 76 US cent mark.

At 0635 AEDT on Wednesday, the Australian dollar was worth 76.07 US cents, down from 76.48 US cents on Tuesday.

The US dollar overnight has strengthened for its second straight session a day after posting its biggest daily rise in a week.

The currency has continued to benefit from the optimism spawned by the Republicans tax reform bill passing through the Senate.

The Aussie dollar is Australian dollar is also down against the yen and the euro.


One Australian dollar buys:

* 76.07 US cents, from 76.48 on Tuesday

* 85.69 Japanese yen, from 86.10 yen

* 64.40 euro cents, from 64.44 euro cents

(*Currency closes taken at 1700 AEDT previous local session)