AUD Trading Outlook (28-10-2010)

The Australian Dollar (AUD) the big mover on the day as Q3 CPI came in weaker than expected at 07% Q/Q. vs. 0.9% forecast. The weakness was compounded by US stock market weakness which sent the Aussie for a test of 0.9650. Overall the AUD/USD traded with a low of 0.9651 and a high of 0.9865 before closing the US session at 0.9720. UPDATE RBNZ HOLD AT 3.0%

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