Australia Markets closed

$A little changed against $US

The Australian dollar is steady against the US dollar after an up and down night of trade that saw the currency peak near 76.50 US cents..

At 0635 AEDT on Wednesday, the Australian dollar was worth 76.34 US cents, from 76.33 US cents on Tuesday.

Westpac's Imre Speizer says the US dollar index fell sharply but the euro outperformed most currencies leaving the Aussie dollar to trade mostly sideways.

CURRENCY SNAPSHOT AT 0635 AEDT ON WEDNESDAY

One Australian dollar buys:

* 76.34 US cents, from 76.33 on Tuesday

* 86.57 Japanese yen, from 86.73 yen

* 64.73 euro cents, from 65.39 euro cents

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