The Australian dollar has fallen against the US dollar despite there being strong gains on Wall Street overnight.

At 0635 AEDT on Wednesday, the Australian dollar was worth 76,56 US cents, down from 76.80 US cents on Tuesday.

BK Asset Management’s Boris Schlossberg said commodity currencies were weaker overnight, and the Australian dollar lost ground by data that showed weak new home sales numbers.

New home sales dropped another 6.1 per cent in September, according to the latest Housing Industry Association report.

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