The Australian dollar is a little higher against its US counterpart which has remain unchanged.
At 0635 AEDT on Tuesday, the Australian dollar was worth 75.32 US cents, up from 75.25 US cents on Monday.
Westpac’s Imre Speizer says risk sentiment had remain positive during the US trading session with a bomb explosion in New York briefly denting investor mood.
Wall Street continued to gain, while the US dollar was steady.
‘The US dollar index is unchanged on the day … (while the) AUD rose from 0.7520 to 0.7545,’ he said in a morning note.
The key domestic event risk would be National Australia Banks’ business survey conditions.
‘November NAB business survey conditions jumped 7 points to 21 after holding an above average level around 15 through most of the year.
‘As such, there is risk of a reversal.’
The Australian Bureau of Statistics’ third quarter house price index was expected to rise 0.5 per cent, while Westpac forecast a one per cent fall, he said.
‘However, the data is of little relevance given more timely measures are available.’
Mr Speizer said he could see the Australian dollar stalling just above 75 US cents on Tuesday.
The Aussie dollar is is also higher against the yen and steady against the euro.
CURRENCY SNAPSHOT AT 0635 AEDT ON TUESDAY
One Australian dollar buys:
* 75.32 US cents, from 75.25 on Monday
* 85.51 Japanese yen, from 85.46 yen
* 63.90 euro cents, from 63.89 euro cents
(*Currency closes taken at 1700 AEDT previous local session)