The Australian dollar rose to a fresh one-month peak of $0.8375 against the US currency on Wednesday, bolstered by expectations of deep rate cuts by the Federal Reserve and a gradual improvement in appetite for risk.
It also advanced against the Japanese currency, with the yen slipping broadly after Japan's embattled Premier Shinzo Abe resigned and as investors tiptoed back to leveraged trades, aided by a rise most regional stock markets.
The Aussie was quoted at $0.8358/62, up over 1 percent from $0.8268/72 on Tuesday. It broke the 83 US cents level in offshore trade after several unsuccessful attempts in recent sessions, supported by a rally in commodities and as the US currency fell.
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