Aust dollar lifts in early trade

Local currency gains one US cent after weak durable goods figures.

The Australian dollar is one US cent higher after weaker-than-expected American data put downward pressure on the nation's currency.

At 0630 AEST, the local unit was trading at 92.62 US cents, up from 91.62 cents on Thursday.

The US dollar surrendered most of its gains after disappointing durable goods orders figures for June were released overnight.

Markets are sensitive to any data that suggests the US economic recovery is slowing, as it casts doubt over whether the US Federal Reserve will begin tapering its economic stimulus program soon.

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