Also helping the Aussie was strength in iron ore prices, with futures traded in China jumping 8 per cent to their highest in three years. That was the sixth consecutive session of gains.
“The Aussie is the current darling in the G-10 space and attracting much attention,” said Stephen Innes, senior currency trader at CFD and FX provider OANDA Australia and Asia Pacific. “The best way to express a strong Aussie commodity bias is through crosses on the leading currencies such as EUR, GBP, and JPY which will continue to assert itself in early 2017.”
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