Australian Dollar (AUD) the AUD/USD held up better than most overnight with EUR/AUD selling to record lows new 1.2000 helping the major to remain supported against the USD. China cut rates and this also helped keep the Asian neighbor currency in demand. The China story is critical for the AUD and will be closely watch in the 2nd half of the year. Looking ahead, May Japanese Leading Indicators previously at -1.3.
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