The Australian Dollar (AUD) did well with the early rally in US stocks and weakness in the USD. Gains were pared back however as US stocks reversed direction into the close. The Reserve Bank of New Zealand held at 3% as expected but stated that rates will have to rise at some point. Overall the AUD/USD traded with a low of 0.9729 and a high of 0.9822 before closing the US session at 0.9780.
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