AUD Trading Outlook (10-02-2011)
The Australian Dollar (AUD) also struggled to track the Euro higher falling back to 1.0100 support on profit taking in the US stocks. Westpac Consumer Sentiment bounced back +1.9% vs. -5.7% previously. Overall the AUD/USD traded with a low of 1.0086 and a high of 1.0154 before closing the US session at 1.0120. Looking ahead, January Unemployment Rate forecast to remain at 5.0% and the Employment Change forecast at 15k vs. 2.3k previously.
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