The Australian Dollar (AUD) broke below the recent trading range low and fell quickly to 0.9710 as the risk sensitive currency reacted to the negative news and stocks. AUD/JPY selling could continue as the market has been quite long on this important cross in recent months. Overall the AUD/USD traded with a low of 0.9706 and a high of 0.9884 before closing the US session at 0.9745.
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