US dollar has been consolidating on most crosses since the post-ISM slump but commodity currencies have taken a fresh leg higher.
The Australian dollar is in the midst of its largest one-day gain of 2013, up more than 200 pips. The Canadian dollar has also gained the most in five months… some great insight on it here
Orderboards have thinned considerably with Canadian corporate buyers down at 1.0200.
Sizable Australian dollar sellers are sitting at 0.9800.