The Australian Dollar (AUD) soared above 1.1000 on the strong AUD/JPY rally in Asia but could not hold onto the gains and reversed to fresh day lows in the US session as stock markets slumped. The outlook is mixed with buyers cautious of being caught long if the debt deal fails. Overall the AUD/USD traded with a low of 1.0921 and a high of 1.1067 before closing the day at 1.1010 in the New York session.
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