The Australian Dollar (AUD) fell below parity on heavy selling on further unwinding of long Aussie positions against the USD and CAD. Sentiment remains strong but recent price action is making buyer cautious with sharp falls in the past a reminder of the how volatile the commodity currency can be. Overall the AUD/USD traded with a low of 0.9958 and a high of 1.0078 before closing the US session at 0.9995.
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