AUD Trading Outlook (03-12-2010)

The Australian Dollar (AUD) extended Wednesday&rsquo s rally back above 0.9700 and developing a buoyant feeling as commodities and stocks rally. Economic data however is weakening with October Retail sales falling -1.1% vs. 0.3% forecast m/m. Overall the AUD/USD traded with a low of 0.9621 and a high of 0.9781 before closing the US session at 0.9760.

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