The Australian Dollar (AUD) fell aggressively as RBA Governor Stevens talked down the prospect of future rate hikes and noted concern that recent floods will knock 1% off GDP this year. The positive end to Egypt protests sent the Aussie off lows, closing just above parity. Overall the AUD/USD traded with a low of 0.9962 and a high of 1.0045 before closing the day at 1.0019 in the New York session.
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