A STEADY-AS-SHE-GOES statement from the US central bank and easing fears about Cyprus has had little impact on the Australian dollar.
At 7am AEDT, the local unit was trading $US1.0379, level with where it ended the local session yesterday.
Early this morning, it peaked at $US1.0406, just after the statement by the US Federal Reserve.
Fed chairman Ben Bernanke said that while the US economy had improved there wouldn't be an end to the central bank's economic stimulus plans until the unemployment rate fell further.
Dr Bernanke also played down fears about Cyprus, saying its financial woes were no threat to the US economy.
On Tuesday, the Cyprus parliament rejected a bank deposit tax that was a condition of a 10 billion euro ($12.55bn) aid package required to save the nation's banks.
HiFX senior trader Stuart Ive said Dr Bernanke's comments pushed share markets higher and helped the Australian dollar hit its overnight high.