A dollar softening theme has prevailed , with EUR-USD ascending to three-week highs above 1.2400 and USD-JPY pushing to three-day lows below 107.00. AUD-USD has also turned higher after weakening in the wake of the release of the RBA’s minutes to its April policy meeting, which stated that there was no reason to hike rates over the near term, cementing the view that the central bank will likely be on hold through to 2019.
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