AUD Trading Outlook (08-12-2010)

The Australian Dollar (AUD) the market shrugged off a neutral RBA meeting where they held at 4.75% stating &lsquo rates appropriate&rsquo . The strong tone was reversed in the US session however and the market pushed the commodity currency to week lows. Overall the AUD/USD traded with a low of 0.9821 and a high of 0.9968 before closing the US session at 0.9835.

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