Aust dollar falls in early trade

Local currency slips as United States stimulus tapering expectations weigh.

The Australian dollar has stayed below 92 US cents as expectations the United States Federal Reserve will taper its economic stimulus program weighs on the currency.

At 0630 AEDT, the local unit was trading at 91.77 US cents, down from 91.79 cents on Friday.

Early on Saturday morning, Australian time it dropped to 91.44 US cents, its weakest level since September 6.

Related Articles