AUD Trading Outlook (11-10-2010)
The Australian Dollar (AUD) was pressured initially following the release of payrolls on Friday as risk aversion saw an outflow from the AUD. On the domestic front RBA Dep. Governor Battelino spoke on the general economic outlook, and indicated that the currency was playing an important role in helping the economy overall, and that inflation was likely to rise to the top of the RBA& rsquo s 2-3% target zone. Overall the AUD traded with a low of 0.9711 and a high of 0.9872 before closing the day 0.9861
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