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AUD/USD rallies to 1.0080 as USD weakens

AUD/USD has jumped over 30 pips within the last trading hour, driven by the strong rise in EUR/USD that pierced 1.3200. Very low liquidity in the market had contributed to overstretch some dollar selling interest.

AUD/USD has risen toward a fresh monthly high at the 1.0080 zone and is threatening to extend gains even further. The Aussie remains as one of the strongest currencies across the board and is extending its upside rally against the Greenback from the 0.9530 zone where it bottomed early December.

At time of writing, AUD/USD is trading at 1.0075, 0.30% above its previous close.source
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