The Australian dollar is higher with investor confidence returning after the Brexit vote panic.
At 1200 AEST on Thursday, the local unit was trading at 74.42 US cents, from 73.94 cents on Wednesday.
OANDA Australia and Asia Pacific senior trader Stephen Innes said the Aussie was gain momentum on the back of strong performance from equity markets and oil prices overnight.
"The price action on the Aussie should remain very constructive in the near term," he said in a note.
"With equity markets, iron ore and oil prices all moving higher overnight, the Aussie is getting a lot of boost from different areas."
Mr Innes also added that with the initial Brexit panic abating in market and China's Beige Book, a private research survey, rebounding the outlook was more positive.
"The improvement (in the Beige Book) was a surprise to the markets and should offer some support to Asia-Pacific currencies including the Aussie dollar which has a strong correlation with Chinas economy," he added.
CURRENCY SNAPSHOT AT 1200 AEST ON THURSDAY
One Australian dollar buys:
* 74.42 US cents, from 73.94 cents on Wednesday
* 76.40 Japanese yen, from 75.57 yen
* 66.99 euro cents, from 66.80 euro cents
* 104.83 New Zealand cents, from 104.45 NZ cents
* 55.53 British pence, from 55.45 pence
Government bond yields:
* CGS 5.25pct March 2019, 1.574pct, from 1.531pct on Tuesday
* CGS 4.25pct April 2026, 2.007pct, from 1.988pct
Sydney Futures Exchange prices:
* September 2016 10-year bond futures contract, was at 97.985 (2.015 per cent yield), unchanged from Wednesday.
* September 2016 three-year bond futures contract, was at 98.490 (1.510 per cent), down from 98.510 (1.490 per cent).
(*Currency closes taken at 1700 AEST previous local session, bond market closes taken at 1630 AEST previous local session)
Source: IRESS
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