The Aussie rallied on the RBA's refrain from cutting interest rates, which saw AUD-USD lift to a fresh two-week peak of 0.7134. Elsewhere, the G3 currencies held in relatively narrow ranges. German manufacturing orders fell 1.8% m/m in August data, confounding the median forecast for a 0.5% rise and down from a downwardly revised 2.2% m/m decline in July. The data, which corroborates the view that the ECB might be headed for an expansion in its QE program, elicited some euro selling. EUR-USD probed under 1.1180 and EUR-JPY fell to a two-day low at 134.40.
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