AUD Trading Outlook (13-10-2010)
The Australian Dollar (AUD) shrugged off negativity of tighter credit conditions in China, following a rise in reserve requirement, seen for much of the Asian session, to take advantage of a battered dollar on speculation of an eventual second round of stimulus in the US. In domestic news, Business confidence fell slightly to 10 from previous 11 on Tuesday. THE AUDUSD traded with a low of 0.9768 and a high of 0.9877 before closing at 0.9863
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