The Australian Dollar (AUD) was strong but underperformed the Euro and GBP as China raised its Banks reserve ratio once again on Friday. The AUD is very closely related to Chinese economic developments with concerns of overheating and bubble bursting the main threats to an over wise very bullish story. Overall the AUD/USD traded with a low of 1.0090 and a high of 1.0157 before closing the day at 1.0135 in the New York session.
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