The Australian Dollar (AUD) took the brunt of the risk aversion for the second day hammered lower as AUD/JPY collapsed 7% at one point. Large moves in the Aussie when the market experiences major events are normal with long positions built up for months existed in days. Overall the AUD/USD traded with a low of 0.9702 and a high of 0.9967 before closing the day at 0.9790 in the New York session.
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