AUD Trading Outlook (15-02-2011)
The Australian Dollar (AUD) held on to gains better than most as the risk sensitive currency tracked stocks higher. The outlook for Aussie is close related to stock markets and commodities which for the short term are well supported. The longer term direction will be resultant on the speed at which US normalize their interest rates. Overall the AUD/USD traded with a low of 0.9979 and a high of 1.0076 before closing the day at 1.0025 in the New York session. Looking ahead, RBA Meeting Minutes.
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