AUD Trading Outlook (20-01-2011)

The Australian Dollar (AUD) was under a lot of pressure after staging an impressive rally for the first half of the day trading as high as the 1.0080 before reversing and ending below parity. AUD/JPY acted as a drag on the AUD/USD as did weak commodities. Overall the AUD/USD traded with a low of 0.9963 and a high of 1.0079 before closing the US session at 0.9980

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