The dollar has steadied above 80 US cents, after it dived more than 3 per cent in offshore trade when weak US economic data triggered a sell-off in commodity-linked currencies.
Yesterday, the dollar had closed $US0.8246, its highest end to the local session since late September, boosted by better than expected GDP data.
But weaker-than-expected US data on Wednesday cast doubts over an economic recovery and triggered a flight towards safe-haven assets like the US dollar and the yen.
The high-yielding Aussie remained resilient today despite comments from Reserve Bank of Australia Governor Glenn Stevens that he saw scope for further policy easing, although the domestic economy is well placed for expansion later this year.
Since the start of March, the Aussie has gained more than 25 per cent on hopes of a global economic recovery, better risk appetite and firmer commodities.
Overnight, the CRB commodities index fell 2.75 per cent on Wednesday, with copper off nearly 4 per cent and gold losing 2 per cent.
Crude oil also posted losses of more than 3 per cent, all of which combined to drag commodity currencies like the Aussie lower.
