Still no clarity on the reason for the moves
From forexlive.com
There are said to be strong EUR orders at 1.2950/45. Lots of reasons floating around for the change in sentiment, including downgrade rumors and USD program buying. I would look to the UK, as the moves started in GBP. AUD/USD went from a weekly high of 1.0203 to a weekly low of 1.0136 in about 30 minutes.
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