AUD Trading Outlook (11-02-2011)

The Australian Dollar (AUD) was hit by a wave of negative sentiment which combined with a strong Dollar to push the Aussie down for a test of parity. January Employment Change was +24k vs. +15k forecast but inside this number the number of fulltime workers actually fell -8k. Overall the AUD/USD traded with a low of 1.0000 and a high of 1.0131 before closing the day at 1.0010 in the New York session.

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