The Australian Dollar (AUD): The pair consolidated close to 0.9250 area for most of Europe and NY sessions as 0.9250 capped gains. Commodity currencies, led by USD/CAD’s break below 1.1070, went broadly bid and AUD/USD cracked through the barrier. The pair rallied to a high of 0.9272 but failed to push higher as USD/JPY’s slide abated & offer touted 0.9275/85 loomed, making the pair dropped back to 0.9250.
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