Euro bidding was in full force for the session, as inflationary suggestions bolstered probable rate tightening by the European Central Bank in coming months.
Narrow ranges dominated the day as the market remains light ahead of the holiday weekend. For the most part, with traders away from the market, the day's action was dictated by short covering on yesterday's bearish Aussie outlook.
Australian business confidence supported by the National Australia Bank, remained bolstered in the month, rising to a 17 point reading in the month of March compared to the 15 points seen in February.
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