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Aussie dollar tempers gains after overnight peak

Xinhua News,SYDNEY
2020-11-19 08:11

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SYDNEY, Nov. 19 (Xinhua) -- The Australian dollar rallied against the greenback on Thursday, posting a modest surge overnight which tempered back to around 73 U.S. cents.

At 07:00 (AEST), the Australian dollar was buying 73.22 U.S. cents, up from 73.04 U.S. cents on Wednesday.

The Australian government responded to a COVID-19 cluster outbreak by implementing a strict six-day lockdown across one state.

Despite U.S. equities tumbling, the Aussie dollar maintained a solid level above 73 U.S. cents after a brief overnight rally.

At 09:30 (AEST), the local unit was buying 73.02 U.S. cents.
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