AUD Dollar FX trader

Canadian Press, The Canadian Press
0 Comments| February 1, 2013

(Action Economics) - 01-Feb-13 05:39 - AUD-USD topped out around 1.0450 in early Asia and reverted to levels under 1.0400 on technical selling and a strong EUR-AUD bid by macro funds and short term momentum accounts.

AUD saw the biggest movement on the back of China data, but flows were mostly tied to funds cutting back exposure in favour of the EUR.

© The Canadian Press, 2013

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