AUD/USD opened the Asia session with the price around 0.9885


AUD/USD opened the Asia session with the price around 0.9885 which was the previous Asia session high and from the outset the overnight bid tone came back into the price with the pair finding buyers from caught exporters that can’t wait any longer for the AUD to fall. The price managed to briefly touch 0.9922 before quickly coming off as the Australian Government budget has a $20bio black hole. Cuts to spend has been taken from the markets as a negative due to the fragile stat of the economy

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