TPP: Australian dollar breaks through US76c on 'global trade war' fears

The Australian dollar has topped US76¢ for the first time in more than two months as the greenback continues to weaken on worries that the Trump administration's protectionist stance will include seeking a weaker currency.

Talk of trade wars pushed the Aussie as high as US76.09¢ early Tuesday afternoon, but the currency eased back to US75.76¢ in late trade, as traders remained hesitant to push the currency higher ahead of fourth-quarter inflation data due on Wednesday.