Aust dollar falls on Fed statement

Local currency holds below US95c as Fed recommits to bond-buying program.

The Australian dollar has recovered some ground after dropping to a three-week low following the US Federal Reserve's announcement that it would maintain its aggressive economic stimulus program for the rest of the year.

At 0630 AEDT, the local unit was trading at 94.75 US cents, down from 94.96 cents on Wednesday.


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