AUD Trading Outlook (19-10-2010)

The Australian Dollar (AUD) began the trading week under pressure in Asia, trading below Friday&rsquo s lows. &nbsp The AUD traded with a low of 0.9802 and a high of 0.9944 before closing the day at 0.9933. RBA Minutes on Tuesday have indicated that the decision to keep rates on hold in October meeting was finely balanced, leaving scope for future rate hikes. AUD had once again traded above 0.9950 following the publication of the RBA minutes.

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