The Australian Dollar (AUD) fell heavily after breaking support at 0.9710 and RBA Governor Stevens stated that RBA may hold for some time after raising rates aggressively during the previous year. AUD/JPY is becoming the preferred way for traders to express risk as the USD/JPY begins to rally. Overall the AUD/USD traded with a low of 0.9614 and a high of 0.9816 before closing the US session at 0.9646.
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