The Australian Dollar (AUD) was very strong as shorts where squeezed and flooding was not as bad as forecast in the countries third biggest city. The weak USD and strong risk on environment made the Aussie the best performer in 2010 and should remain strong if the same conditions remain this year. Overall the AUD/USD traded with a low of 0.9818 and a high of 0.9969 before closing the US session at 0.9950.
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