Aussie dollar slips against greenback

SYDNEY, Nov 29 (Xinhua) -- The Australian dollar has fallen against the greenback on Wednesday, after positive consumer confidence data in the U.S. saw the American currency strengthen.

At 07:00 (AEDT) (2000 GMT Tuesday), the local unit was trading at 75.96 U.S. cents, down from 76.13 U.S. cents on Tuesday

The U.S. Conference Board's consumer confidence index reached a 17 year high overnight to sit at 129.5, while U.S. Federal Reserve nominee Jerome Powell also helped underpin dollar gains during his first Senate confirmation.

"Powell responded to a range of questions; more or less confirming a December rate hike remains on the table, noting labour market strength but wage inflation lagging; and suggesting the Fed could tweak the Dodd-Frank and Volcker Rule regulatory reforms," Westpac Bank's senior market strategist Imre Speizer told investors in a morning note.

At 09:30 (AEDT) (2230 GMT Tuesday), the Australian dollar was buying 75.97 U.S. cents. Enditem.