AUD Trading Outlook (04-02-2011)

The Australian Dollar (AUD) remained strong gaining 2% against the Euro with some strong local data underpinning along with positive risk sentiment. December Trade Balance at 1.9bn vs. 1.6bn forecast. Overall the AUD/USD traded with a low of 1.0081 and a high of 1.0165 before closing the US session at 1.0150. UPDATE Upbeat RBA Quarterly Statement helps AUD Rally in Asia

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