The Aussie has broadly been on the front foot ever since last month’s strong employment report out of Australia, with the commodity currency pushing higher against the US dollar than any other G10 currency, it even outperformed the kiwi which is backed by rising interest rates. AUDUSD is hovering around its highest level in over four months and has risen around 2.31% in this month alone, compared with only a 1.88% increase in NZDUSD over the same period of time. The commodity currency may have fared even better if it wasn’t for the surprisingly hawkish comments from Fed Chair Yellen following this month’s policy ... (full story)