AUD Trading Outlook (08-10-2010)

The Australian Dollar (AUD) the Aussie was the strongest currency once again after extremely strong employment data helped lift the commodity currency. September Employment change was +49k vs. 20k forecast. Parity is on the cards now as the market still prices in further rate hikes this year. Overall the AUD/USD traded with a low of 0.9756 and a high of 0.9917 before closing the US session at 0.9820.

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