Aust dollar lifts in early trade

Local currency pushes higher after Fed nominee Yellen says stimulus 'imperative'.

The Australian dollar is stronger after United States Federal Reserve nominee Janet Yellen described stimulus measures as "imperative".

At 0630 AEDT, the local unit was trading at 93.77 US cents, up from 93.36 cents on Friday.

The local currency had slipped on Friday as Ms Yellen addressed a US Senate committee.


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