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Aussie extends rally as Thanksgiving dulls greenback

The AUDUSD climbed to new one-week highs overnight as the USD extended its recent slide.

A more cautious tone in the US Federal Reserve’s minutes, released yesterday morning, saw the greenback heavily sold throughout yesterday’s session.

Additionally, the Thanksgiving long weekend has seen demand for the USD ease.

The AUDUSD was up 0.1%.

Good numbers from Europe

The Aussie saw small losses versus the euro after better economic data from the Europe.

European PMI numbers, which survey purchasing managers for an early read of activity, were well ahead of expectations. European manufacturing activity climbed to the highest level in over ten years.

The AUDEUR fell 0.2%.

The AUDGBP was up 0.2% while the AUDJPY climbed 0.1%.


Tonight’s focus will be US PMI numbers but in holiday-dulled trade the reaction might be muted.

Next week, UK inflation and US GDP numbers will be the big releases.

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