EUR/USD continues to power ahead but AUD remains a bit of laggard today. While it is close to session highs versus the dollar it is losing ground versus the AUD ,and increasingly, the CAD. The Loonie has been constrained of late given its heavy exposure to a slow US economy but the currency got a lift about two hours ago from very strong purchasing managers data and has broken below the 1.0100 level. We know trade down at 1.0065..
AUD/USD is at 0.9779. EUR/AUD at 1.4245, AUD/CAD at 0.9847.
