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The Australian dollar is slightly higher despite falls on Wall Street overnight.

At 0640 AEDT on Monday, the local currency was worth 81.00 US cents, up from 80.89 cents on Monday.

In overnight trade, gold and precious metals suffered falls but base metals managed to eke out some gains.

CURRENCY SNAPSHOT AT 0640 AEDT

One Australian dollar buys:

* 81.00 US cents, from 80.89 cents on Monday

* 88.24 Japanese yen, from 88.01 yen

* 65.38 euro cents, from 65.16 euro cents

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