At 7:00 (AEST), the Australian dollar was buying 77.61 U.S. cents, down from 78.04 U.S. cents on Thursday.
"U.S. yields rose in the wake of the Federal Open Market Committee meeting, as markets bet on inflation rising," Westpac Bank economists said in a morning note.
"The risk-averse mood and the higher yields were both U.S. dollar-supportive, AUD/USD sliding back to 0.7760. "
At 9:00 (AEST), the local unit was buying 77.63 U.S. cents.
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