THE Australian dollar is lower as potential problems loom over the Greek bailout and as political unrest in Egypt continue.
At 0700 AEST on Wednesday, the local unit was trading at 91.48 US cents, down from 91.83 cents on Tuesday.
Westpac New Zealand senior market strategist Imre Speizer said the US dollar was strong against all currencies overnight.
"You could put it down to risk aversion. ...