At 07:00 (AEST), the Australian dollar was buying 74.22 U.S. cents, down from 74.36 U.S. cents on Monday.
The Aussie briefly ticked back under 74 U.S. cents as the defensive U.S. dollar gained ground on further COVID-19 uncertainty.
At 09:30 (AEST), the local unit was buying 74.21 U.S. cents.
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