• AUD/USD falls sharply

Market news

16 May 2011

AUD/USD falls sharply

Falls sharply with the euro-dollar from earlier highs of $1.0594, and closing in on bids seen around $1.0525. Talk of some magnetic stops through $1.0518 ahead of further bids $1.0485. Large stops below at $1.0475 ahead of bids $1.0460/50.

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