AUD/USD retreats below 0.7050, clings to small daily gains
After climbing to a fresh daily high of 0.7072, the AUD/USD pair erased the majority of its daily gains and was last seen trading at 0.7036, where it was still up 0.1% on a daily basis.
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The Australian dollar felt the heat of resurgent coronavirus cases in Europe and US, despite Australia managed to control the latest outbreak. The AUD/USD pair fell to 0.7001 on the back of risk-aversion, recovering some ground on Friday to settle around 0.7030.