AUD Trading Outlook (12-01-2011)

The Australian Dollar (AUD) was under heavy selling pressure for most of the day as the Flood crisis worsened and the nation&rsquo s third largest city became to flood. With Billions of dollars damage and flood waters rising the market could still continue to sell the commodity currency. Overall the AUD/USD traded with a low of 0.9803 and a high of 0.9952 before closing the US session at 0.9850.

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