The Australian dollar is slightly lower after Wall Street fell, weighed down by comments from US President Donald Trump about the US-China trade talks.

At 0635 AEST on Wednesday, the local currency was worth 75.76 US cents, from 75.88 US cents on Tuesday.

The Dow Jones index closed 0.7 per cent lower after US President Donald Trump said the China trade talks “were a start” and that there was no deal with China on ZTE Corp.

Trump has adopted a more conciliatory stance in the China talks as North Korea, whose chief ally is Beijing, has called into question a summit planned for next month in Singapore.

One Australian dollar buys 84.04 Japanese yen, from 83.35 yen and 64.32 euro cents, from 64.52 euro cents.

AAP

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