AUD Trading Outlook (07-02-2011)

The Australian Dollar (AUD) tested 1.0200 after a strong RBA quarterly update that continued to focus on the mining boom and inflation pressures. The two way price action post NFP was contained with the market giving into USD strength. Overall the AUD/USD traded with a low of 1.0113 and a high of 1.0199 before closing the US session at 1.0138. UPDATE December Retails at 0.2% vs. 0.3% m/m.

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