The AUD outperformed for a second day, building on the advance seen following yesterday's solid Q4 GDP data out of Australia, which showed a return to historic-norm growth of 3% y/y, while a mostly risk-on tone continued today in global markets. AUD-USD rallied to a new high for the year of 0.7324, stalling 3 pips short of the Dec-31 peak. The yen underperformed, though has remained above its lows from yesterday. USD-JPY lifted back above 114.0, but remained shy of Wednesday's peak at 114.55.
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