The Australian dollar was trading at $US 96.75 cents early this morning.

The value is higher than Tuesday's close of $US 95.72 cents. Overnight, the Aussie buck reached $US 96.87 cents before pulling back in early morning trade.

The dollar was trading between $US 95.60 cents and $US 96.87 cents at 5 p.m. yesterday.

The Australia dollar can buy the British pound at $AU 1.6487, the Euro at $AU 1.4012, and the Canadian dollar at $AU 1.0082. It could be exchanged with a unit of the Chinese Yuan for $AU 0.1555 cents, the Hong Kong dollar for $AU 0.1341 cents, and the Japanese Yen for 0.0123 cent.

The New Zealand Kiwi is worth $AU 0.7641 cents. Against the Singapore dollar, the local unit is equivalent to $AU 0.7881 cents.

The U.S. dollar weakened against other currencies yesterday following reports of a still struggling U.S. economy. Two surveys on consumer confidence and the outlook of CEOs at major U.S. companies showed consumers to remain pessimistic about the economy while top business executives stay clear of investment plans.

The local currency is more likely now to be affected by data from the Australian Bureau of Statistics (ABS). The bureau will release data on building approvals and new home sales on Thursday.