The Australian Dollar (AUD) was the most affected by the Chinese bank reserve hike on Friday with the pair slipping sharply over a cent below 0.9900 and crosses continued to be unwound. EUR/AUD was the biggest mover last week up nearly 4% higher. Overall the AUD/USD traded with a low of 0.9857 and a high of 0.9993 before closing the US session at 0.9888.
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