The Australian share market is expected to start the day flat, hovering around its seven-month high.
ASX futures indicate an early trading gain of just one point, practically unchanged.
However, the Australian dollar had rebounded to 71.13 US cents by 7:20am (AEDT) — reversing a sharp fall on Tuesday, triggered by the Reserve Bank's latest signal that it may cut interest rates this year.
The local currency began its recovery after the Australian Bureau of Statistics released stronger-than-expected retail trade figures on Wednesday afternoon.
The dollar also climbed to 54.05 British pence, 63.3 euro cents and 79.3 Japanese yen.
Wall Street ended its day with slight gains after White House economic adviser Larry Kudlow said the US and China were expected to make progress in their trade negotiations this week.
The Dow Jones index finished 39 points higher, up 0.2 per cent, to 26,218.
The benchmark S&P 500 added 0.2 per cent to 2,873, while the tech-heavy Nasdaq lifted 0.6 per cent to 7,896.
More to come.
