AUD/USD is getting comfy not far from session highs around the 1.0290 area, underpinned by a pick-up in risk appetite this afternoon. Traders are reading the rise in US rates as a sign that the Fed thinks the economy has improved enough that it can take off the training wheels provided by QE2.
Oil is firmer as well, up at $104.75, about 1.50 above intraday lows during US trade. Stocks are up about 0.6% also…
Small offers are seen in the 1.0290/00 area while bids are eyed at 1.0255/65 where stops were triggered on the earlier AUD rally.
