The Australian Dollar (AUD) moved to 0.6400 Friday against the US Dollar (USD) a two-month high after a surge north from 0.6330 early Thursday and improved risk sentiment around the Ukraine/Russia peace deal. Aussie employment data came in strong casting questions over future rate cuts. The RBA will remain cautious over future policy easing declaring the battle against inflation is not over. US manufacturing for January prints tonight and should reflect a strong strengthening sector.
The current interbank midrate is: AUDUSD 0.6398
The interbank range this week has been: AUDUSD 0.6326- 0.6408