$A steady against $US

(Australian Associated Press)

The Australian dollar is flat against its US counterpart with little news to drive markets.

At 0635 AEST on Tuesday, the Australian dollar was worth 79.26 US cents, virtually unchanged from 79.27 US cents on Monday.

Westpac’s Imre Speizer said the US dollar had consolidated near a 13-month low.

“There was little news to drive markets,” he said in a morning note.

“The US dollar index closed 0.1 per cent higher on the day, after making a 13-month low (while the) AUD initially rose to 0.7968 before retracing to 0.7913.”

The local currency was also steady against the yen and the euro.

CURRENCY SNAPSHOT AT 0635 AEST ON TUESDAY

One Australian dollar buys:

* 79.26 US cents, from 79.27 on Monday

* 88.05 Japanese yen, from 88.04 yen

* 68.07 euro cents, from 68.06 euro cents

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