The AUD/USD is climbing toward 0.6800 as risk flows give it back.

The AUD/USD currency pair is strengthening to retake the 0.6800 resistance level and getting a fresh bid around about the 0.6720 level on Wednesday due to the return of risk flows in Asia.

 The Federal Reserve (Fed) Minutes are expected to be dovish, which is boosting market sentiment and supporting the higher-yielding Australian Dollar at the expense of the safe-haven US Dollar.

The most recent remarks by China’s Finance Minister Liu Kun, who supported plans to adequately increase fiscal spending because the economic recovery is still shaky, are also helping the AUD/USD pair.

All eyes are now focused on the US ISM Manufacturing PMI report and the Fed’s minutes from its December meeting to see how fresh US Dollar trades may affect risk sentiment.