AUD Trading Outlook (07-12-2010)

The Australian Dollar (AUD) was under pressure due to profit taking with investors sidelined ahead of today&rsquo s RBA rate announcement widely forecast to remain at 4.75% due to weakness in some key economic data last month. Overall the AUD/USD traded with a low of 0.9487 and a high of 0.9926 before closing the US session at 0.9890. Looking ahead, RBA Rate announcement forecast to remain at 4.75%.

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