Aust dollar lifts in early trade

Local currency lifts on the back of positive consumer confidence report.

The Australian dollar is higher, boosted by a positive consumer confidence report.

At 0630 AEDT, the local unit was trading at 93.29 US cents, up from 93.05 cents on Wednesday.

Consumer sentiment increased by 1.9% to 110.3 points in November, from 108.3 in October, according to the Westpac Melbourne Institute Index of Consumer Sentiment.

Low interest rates and rising house prices had energised consumer confidence, the report, released Wednesday, said.