AUDUSD retreating off 0.8000 highs

On the back of the recent rally in the AUDUSD rate to just above 0.8000 the Reserve Bank of Australia dampened the rally leaving Official Interest Rates Unchanged. We currently see the rate back towards 0.7900. AUDNZD sits at yearly highs towards 1.0750 but AUD has weakened against the EURO as the EURO outperformers all currencies at present.

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