Australian dollar rebounds above 78 US cents

THE Australian dollar has bounced back above 78 US cents despite growing concerns over a Greek debt default.

MONEYSAVERHQ .. Australian One Dollar Coins over Black

THE Australian dollar has bounced back above 78 US cents despite growing concerns over a Greek debt default.

At 0630 AEDT on Tuesday, the local currency was trading at 78.21 US cents, up from 77.77 cents on Monday.

The Australian dollar has rebounded from disappointing Chinese trade data, despite the growing concerns over Greece, which have weighed on share markets overnight.