Aust dollar lifts in early trade

Local currency gains modestly as fears over US debt negotiations weigh on $US.

The Australian dollar is slightly higher against the US dollar as the American currency is pressured by weaker economic data and worries over US government budget negotiations.

At 0630 AEST, the local unit was trading at 93.73 US cents, up from 93.60 cents on Wednesday.

Data out during the offshore session showed that orders for durable goods - fridges, washing machines and the like - rose only 0.1% in August.

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