Nov 14, 2013
AUD well off day highs as RBA talks $A down
The AUD/USD, after driven to near its weekly highs at 0.9385, has seen an impulsive retracement in the last hour of trading, with the move being attributed to comments made by Reserve Bank of Australia board member Heather Ridout on Thursday, saying the currency will damage the economy if the strength persists.
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