Aust dollar slips in early trade

Local currency dips below US92 cents ahead of US Fed meeting.

The Australian dollar is half a US cent lower after Wall Street stocks lost ground ahead of the US Federal Reserve meeting later in the week.

At 0630 AEST, the local unit was trading at 92 US cents, down from 92.45 cents on Monday.

In earlier trade, the currency dipped below the 92 US cents mark, hitting 91.96 US cents at 0404 AEST.

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