The Australian dollar is drifting lower, but trading in a tight range on a day with little news to drive currency markets.
At 1200 AEST on Wednesday, the local unit was trading at 93.91 US cents, down from 94.13 cents on Tuesday.
Since 0700 AEST on Wednesday, the Australian dollar traded between 93.73 US cents and 93.95 cents.
ForexCT head of research Steven Dooley said it had been a very flat 24 hours for the Australian dollar because there was little economic data released at the end of the September quarter.
There will be more economic figures released next week - the start of the December quarter.
"The market has been drifting lower and certainly it's our view that it will continue to do so in the near term," he said.
"The interesting thing is we haven't been able to hold onto those small improvements in the Aussie dollar and gold that we saw (last) Thursday."
The market is also a bit nervous because there are conflicting signals from US central bank officials over the future of their stimulus policy, Mr Dooley said.
The Federal Reserve surprised the market last week when it said it would keep it's massive stimulus program going in full.
However, New York Federal Reserve chairman William Dudley has since said the Fed has a tapering timetable, and will wind down the bond purchases when there is broad improvement in the American economy.
"The most important thing going forward is trying to grapple what they're thinking," Mr Dooley said.
"There's also so much uncertainty about the next Fed chairperson, at the moment it's expected to be Janet Yellen.
"We're in a vacuum not knowing who will be in charge in three or four months time."
Key data out on during the offshore session on Wednesday night includes US new home sales for August.
Meanwhile, Australian bond futures prices were higher.
At 1200 on Wednesday, the December 10-year bond futures contract was trading at 96.055 (implying a yield of 3.945 per cent), up from 96.035 (3.965 per cent) on Tuesday.
The December three-year bond futures contract was at 97.070 (2.930 per cent), up from 97.050 (2.950 per cent).