From IGM News Feed
[AUD/USD] has had a muted reaction to the US data as has been the case for much of the week, with the pair trading as what some may perceived as a semi-safe haven fashion as the Aud emerges as one of the best of a bad bunch. The dire situation in the US has highlighted the relative appeal of Australia's outlook, which continues to be bolstered by firm investments, and rising commodity prices. The pair has hit a 1.0734 high so far today - failing to match NY's 1.0765 high as yet but kept well supported or now. Specs look poised to buy into any 1.0600 dips next week, but with the key RBA decision and statement to be scrutinized for policy clues.
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