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Aussie dollar hits three-week high

Xinhua News,SYDNEY
2020-04-09 08:04

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SYDNEY, April 9 (Xinhua) -- The Australian share market continued to improve on Thursday reaching a three-week high above 62.40 U.S. cents.

At 07:00 (AEST), the Australian dollar was buying 62.30 U.S. cents, up from 61.73 U.S. cents on Wednesday.

On Wednesday the Australian parliament passed a 130 billion Australian dollar (81 billion U.S. dollar) wage subsidy package, the country's largest fiscal program on record.

"AUD/USD again outperformed on the day, rising from 61.20 U.S. cents early London to 62.45 U.S. cents - the highest since mid-March," Westpac Bank economists said in a morning note.

At 09:00 (AEST), the local unit was buying 62.35 U.S. cents.
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