AUD Trading Outlook (17-11-2010)

The Australian Dollar (AUD) fell victim to the weakening investor sentiment tracking commodities and stocks lower. The RBA minutes were also quite weak with the November rate hike seen as a finely balanced decision and a reaction to future inflation risks. Overall the AUD/USD traded with a low of 0.9723 and a high of 0.9895 before closing the US session at 0.9770.

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