Australian dollar sheds almost one US cent

A STRONGER greenback has whacked the Australian dollar almost one US cent lower overnight.

A STRONGER greenback has whacked the Australian dollar almost one US cent lower overnight.

At 0630 AEDT on Tuesday, the local currency was trading at 76.44 US cents, down from 77.23 cents on Monday.

The Australian dollar fell as low as 76.34 US cents overnight, as the US dollar regains strength after the shock of the US Federal Reserve statement earlier this month.

CURRENCY SNAPSHOT AT 0630 AEDT ON TUESDAY

One Australian dollar buys:

* 76.44 US cents, from 77.23 cents on Monday

* 91.85 Japanese yen, from 92.04 yen

* 70.68 euro cents, from 71.03 euro cents

(*Closes taken at 1700 AEDT previous local session) Source: IRESS

Originally published as Australian dollar sheds almost one US cent