Following two and half year review the Bundesbank is expected to begin adding Australian dollar assets like government bonds to its foreign reserve. The move is expected to come before the end of September, unnamed bankers say. This news was reported in the Wall Street Journal in early Asia session and is probably to blame for today’s stellar aud/usd performance. If you remember yesterday we mentioned how the aud/usd just had a breakout above 1.0328, which marked the previous swing high on the daily chart. Today after opening at 1.0360, the Aussie surged to a high of 1.0443, very close to the resistance level of ... (full story)