At 07:00 (AEST), the Australian dollar was buying 71.80 U.S. cents, up from 71.38 U.S. cents on Wednesday.
Overnight, "all eyes were on the U.S. election, with markets seemingly pricing in a 'blue wave' Democratic sweep. AUD/USD squeezed as high as 72.22 U.S. cents," Westpac Bank economists said in a morning note.
"Early results showing Trump on track to win Florida started a selloff, (with) equities sliding and the Aussie dropping to 71.25 U.S. cents."
At 09:30 (AEST), the local unit was buying 71.78 U.S. cents.
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