Australian Dollar (AUD) the AUD/USD rallied to fresh highs above 1.0540 before falling sharply to close below 1.0500 as profit takers took rare control. The outlook we rely upon the stock market’s reaction to the US Fed and ECB tomorrow. Also on the horizon is the US jobs on Friday and the RBA is next Tuesday expected to hold at 3.5%. Update Japanese Unemployment Rate at 4.3% in June vs. 4.4% previously.
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