The Australian Dollar (AUD) tracked the Euro lower on profit taking and then hit day lows after Bernanke signaled QE3 was not on the table currently. Interest to buy on dips is still evident and the prices of some crosses are still attractive with AUD/JPY under Y85. Overall the AUD/USD traded with a low of 1.0692 and a high of 1.0788 before closing the day at 1.0725 in the New York session.
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