The Australian Dollar (AUD): The pair had little movements during most of the NY session, consolidating in the 0.9140-55 range. After Draghi’s speech USD weakness permeated the market. AUD/USD ran light stops through 0.9160 and hit a high of 0.9175. Little data is due so the market may focus on RBA Governor Steven’s speech in Hong Kong today at 06:00 GMT on “The Economic Outlook”.
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