Australian dollar trading on the crosses is filtering through other markets today.
EUR/AUD is notable. It took out the September high of 1.2553 in the past hour and has continued rising to 1.2575, which is the highest since June. Similar in GBP/AUD.
AUD/JPY at 80.35 but buffered by last week’s low of 80.23.
CitiFX analysts are out saying Aussie-US two year spreads imply AUD/USD below parity. Demand in the pair now seen down to 1.0280.
