Scoreboard: Kangaroo dollar

The Australian dollar bounced in defiance of the Reserve Bank's minutes, while global stocks slipped ahead of Ben Bernanke’s speech.

After the Reserve Bank of Australia’s minutes yesterday the Aussie dollar put on about 20 pips on the view that the statement was less dovish. Traders in Europe and the US last night added on another 40 pips and the unit sits at 0.9419 as I write.

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