AUD Trading Outlook (06-12-2010)

The Australian Dollar (AUD) The Aussie was very strong rallying the entire European and US session on improving risk appetite and investor demand for the high yielding commodity currency. Recent economic data has been weaker than expected from Australia and is letting traders enjoy good two way action. Overall the AUD/USD traded with a low of 0.9741 and a high of 0.9937 before closing the US session at 0.9931.

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