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SNB may be behind AUD rally

SNB may be behind AUD rally

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Adam Button
29/08/2012 | 13:03 GMT

There is chatter that the SNB is diversifying some of the reserves it acquired defending the EUR/CHF peg. Others also on the bid in AUD.

AUD/USD buy stops were hit above 1.0389 but the 1.0400 barrier held.

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