AUD Trading Outlook (09-02-2011)
The Australian Dollar (AUD) was strong testing 1.0200 in late Asian before the surprise Chinese rate rise saw the commodity currency and Asian neighbor plummet sharply to 1.0130. Chinese stocks markets reopen after 5 days of closure for new year celebrations. Overall the AUD/USD traded with a low of 1.0113 and a high of 1.0191 before closing the US session at 1.0135. UPDATE February Westpac Consumer Sentiment forecast at 1.9% vs. -5.7% previously.
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