The Australian Dollar (AUD) surged back to life back above 1.0500 and Y85 and threatening to catch the market short. The sharp move higher is not unusual for the much loved Aussie when stock markets rebound higher. Also helping was strong commodities markets. Overall the AUD/USD traded with a low of 1.0434 and a high of 1.0549 before closing the day at 1.0530 in the New York session.
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