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AUD/USD slides further to 0.8700

FXStreet (Córdoba) - AUD/USD broke 0.8745/50 and tumbled to 0.8704, reaching the lowest price since Monday. In 24 hours the pair has erased weekly gains after making a reversal near 0.8900.

AUD/USD hit by risk aversion

The US dollar rallied further on European hours and hit fresh daily highs across the board, as stocks plummet around the globe, also favoring the yen.

On Thursday the pair climbed to 0.8897 and since then lost almost 200 pips approaching to the level it had at the beginning of the week. Before, AUD/USD would have to break the 0.8700 area that is offering support at the moment.

USD/JPY hesitant above 107.50

USD/JPY was capped once again by the 108.15 resistance area and turned back south, falling to fresh daily lows in recent dealings.
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Gold stuck in a range

Gold is stuck in a narrow range for the last couple of hours as the rise in price due to the losses in the European equities has been curbed by the recovery in the US Dollar index.
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