AUD review

Better performing commodities and an underperforming U.S. currency helped the Aussie dollar soar to three-month highs above $0.7900. Watch out though because the higher the Aussie climbs the greater the risk of the nation's central bank cutting its key rate from 2.25 percent. 

Australian central bankers for months have signaled a low tolerance of a strong currency which they see as a risk to growth and prosperity. Expectations are already elevated for the Reserve Bank to cut rates in the months ahead. It next meets on May 5.