$A is down against $US

(Australian Associated Press)

The Australian dollar is sharply down against its US counterpart as the greenback lifts against most currencies, except the yen and the kiwi dollar, in a lively session.

At 0635 AEST on Wednesday, the Australian dollar was worth 75.77 US cents, down from 76.10 US cents on Tuesday.

BK Asset Management managing director of FX strategy Kathy Lien said the overnight currency