AUD is the strongest. USD is the weakest.

Despite the cut in rates by the RBA, the AUD was the strongest currency vs the major currencies in trading today. Traders thought that the omission of a potential easing bias, signaled the RBA was done easing and this led to a sharp reversal. The USD was the weakest currency as weaker trade data sent the greenback scurrying to the downside.

Below is a snapshot of the percentage changes of the major pairs vs each other for the day.