The Australian dollar has fallen Wednesday, buying 73.34 US cents from 73.70 US cents on Tuesday.
Yesterday, the local currency has edged higher as speculation about a slower pace of rate hikes from the Federal Reserve dragged on its US counterpart.
The Aussie inched ahead to 73.68 US cents on Tuesday and back toward Monday’s four-month peak at 73.94 US cents. Dealers reported stiff resistance above 73.80 US cents which was proving tough to break.
