The Australian dollar surged past $0.655, approaching three-week highs, driven by a weakened US dollar as global markets awaited insights from the Federal Reserve's latest meeting minutes.

The Reserve Bank of Australia discussed the possibility of raising interest rates due to signs of inflation cooling but opted to maintain the status quo.

Meanwhile, Australian wage growth data exceeded expectations, showing a 4.2% year-on-year increase in the last quarter, the highest since early 2009, indicating strong economic health.