Aussie and Kiwi surge amid Fed QE3

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Source: Bloomberg
The Aussie rose to a month-high against the U.S. counterpart as Fed's decision for a third quantitative easing round weakened demand for the greenback. The Aussie traded at $1.0580, after reaching $1.0588, the highest since Aug.9, poised for a 1.9% weekly climb. It also advanced 0.4% to 82.06 Yen. The Kiwi surged 0.4% to 83.43 U.S. cents, after earlier hitting of 83.54, the strongest since March 2.
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