A push to new three year highs in US equities is helping lift risk appetites but it is AUD/USD that is benefiting more than the euro. AUD/USD is trading near all-time highs, now at 1.0770. Protection of 1.0800 barriers is expected to be fierce, traders say.
JPY and CHF are weakening at midday as sovereign debt jitters are put aside (save for the euro) amid the asset rally.
