The Australian Dollar (AUD) the AUD/USD found support at 1.0150 in Europe and reversed sharply back to 1.0300 in the US session as stock markets reacted positively to the suggestion that the EU may combine the different bailout funds already in place to increase the size and power of the current funds. The risk currency is a favorite of traders expressing risk on or off and will be in play given any result next week.
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