The Australian Dollar (AUD) did well tracking commodities higher to break above 1.0700 and well positioned to move higher after testing the downside for the past two weeks. AUD/NZD is a big mover to the downside with NZD/USD hitting 3 year highs on Friday. Overall the AUD/USD traded with a low of 1.0648 and a high of 1.0717 before closing the day at 1.0680 in the New York session.
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