The Australian Dollar (AUD) was the currency of choice as US stocks soared 3% the AUD/USD broke above 1.0500 surging to 1.0750 before stalling and consolidating lower. AUD/JPY broke above Y80 and AUD/NZD broke above 1.3000. The RBA rate meeting next week is now in focus and could see AUD selling pressure if they cut rates.
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