Aust dollar gains in early trade

Local currency regains some losses as reality of US shutdown sinks in.

The Australian dollar is higher, as the United States dollar falls against most currencies on the realisation that the government shutdown in Washington may not be short lived.

At 0630 AEST, the local unit was trading at 93.90 US cents, up from 93.52 cents on Wednesday.

Large parts of the US government are now closed after Congress failed to pass budget legislation by the end of the American financial year.

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