AUD Trading Outlook (07-10-2010)
The Australian Dollar (AUD) the Aussie tracked the Euro to year highs close to 0.9800. The market is still looking at the differing central bank outlooks with RBA close to raising rates while the US Fed is looking to ease more. The Aussie benefiting from strength in commodities in recent weeks. Overall the AUD/USD traded with a low of 0.9692 and a high of 0.9794 before closing the US session at 0.9770. Update September Unemployment Rate is forecast at 20k vs. 31k previously. Actual +49k Jobs.
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