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AUD Trading Outlook (03-02-2011)

The Australian Dollar (AUD) had a bout of profit taking but still ended the day on the front foot with traders still taking a shine to the commodity currency. Cyclone Yasi hit the northern part of Queensland but fortunately missed the major cities and damage was limited. Overall the AUD/USD traded with a low of 1.0054 and a high of 1.0136 before closing the US session at 1.0105. UPDATE December Trade Balance at 1.9bn vs. 1.6bn forecast.

Back to AUD Trading Outlook Archive

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