The Australian dollar has managed to eke out some small gains despite broad based weakness across US markets and in commodity prices..
At 0635 AEDT on Wednesday, the local currency was worth 80.84 US cents, up from 80.66 cents on Tuesday.
In overnight trade, the Dow Jones index in the US suffered its steepest fall in eight months, and oil prices, gold and base metals prices backed away from their recent highs..
CURRENCY SNAPSHOT AT 0635 AEDT
One Australian dollar buys:
* 80.84 US cents, from 80.66 cents on Tuesday
* 87.90 Japanese yen, from 87.67 yen
* 65.18 euro cents, from 65.23 euro cents
(*Currency closes taken at 1700 AEDT previous local session)