According to The Australian Financial Review, the $A remained above US91¢ for most of Wednesday's session, helped by an International Monetary Fund report that estimated commodity prices would soar this year.

The domestic unit was again hovering near its strongest level in nearly a month against the US dollar and rose versus the yen as commodity prices climbed to the highest levels in more than a year. The $A is at its highest against the euro in more than two years.

The outlook for commodity prices was bolstered by the IMF report that stated prices would rebound despite high inventories as traders became more confident that the worst of the economic storm had passed.