Since 7.00am AEDT, the unit has moved in a tight range between $US0.9135 and $US0.9166.
The domestic currency rose 1.5 US cents on Friday after financial markets rallied on the back of data which showed the American economy grew for the first time since the June quarter of 2008.
The US Department of Commerce said the American economy grew faster than forecast in the third quarter of 2009.
US gross domestic product (GDP) expanded by an annual rate of 3.5 percent in the September quarter, above the market forecast of 3.2 per cent.
It was the strongest quarterly growth in two years and ended four consecutive quarters of contraction in GDP.
RBC Capital Markets currency strategist Sue Trinh said the domestic morning session showed consolidation "after the strong and volatile moves over the past 48 hours".
"The credit numbers had little bearing on the price action as we wind down for the week," Ms Trinh said.
She expects the local dollar to continue trading within a very tight range for the rest of the domestic session.
"It's unlikely to really shift meaningfully out of the range that we've seen already," she said.
"There's not a lot of data out for the rest of the day.
"A big Japan meeting later on today that's not expected to herald too much in the way of market moving results."
She forecast the Australian dollar to show "modest improvements" and move towards $US0.9200 with the release of US consumer confidence figures tonight.
Gas prices will continue to rise before leveling offDollar higher at noon
