AUD Trading Outlook (30-11-2010)
The Australian Dollar (AUD) was volatile falling heavily in Asia before rebounding in Europe and then crashing in the US session. The market continues to be very closely linked with Equity markets and the Euro direction. Overall the AUD/USD traded with a low of 0.9565 and a high of 0.9701 before closing the US session at 0.9620. Looking ahead, October Building Permits forecast at +1.5% vs. -6.6% previously.
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