The AUD/USD started this morning at $0.8079 and was initially held in a $0.8070 to $0.8080 range through the early hours before it inched up to $0.8091 as Asian markets started their day. Comments from the Fed’s Charles Evans also led to US dollar weakness and further supported the aussie. The gains continued as aussie-dollar then traded through buy-stops at $0.8090 and $0.8105, touching $0.8106 soon after better-than-expected Australian building approvals data. Aussie-dollar reversed some of those gains around mid-morning and slipped back to $0.8085 before finding a fresh leg higher into the Asian afternoon. This time, aussie-dollar broke through $0.8110 for a high of $0.8116 as regional stock markets also rose and as further stop-loss buying were seen. The aussie was last at $0.8108.
