Dollar remains in sideways trade


coins, dollar, moneyThe Australian dollar remains in sideways trade amid continuing uncertainty over the US political stalemate.

At 0630 AEDT on Wednesday, the local unit was trading at 94.37 US cents, slightly up from 94.33 cents on Tuesday.

Uncertainty remains over how long the partial US government shutdown will continue.

There are also concerns that the US government will not have enough money to pay its bills if an agreement to raise the debt ceiling is not reached by October 17.


You have 7 articles remaining. Unlock 15 free articles a month, it’s free.