The Australian Dollar (AUD) was under heavy selling pressure with Silver and Oil pushing the commodity currency lower. The RBA held at 4.75% with the central bank still concerned about inflation but not indicating a rate hike was in the next couple of months. Overall the AUD/USD traded with a low of 1.0835 and a high of 1.0935 before closing the day at 1.0850 in the New York session.
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