AUD Trading Outlook (23-02-2011)

The Australian Dollar (AUD) broke through parity as the market sold the risk currency heavily across the board. Adding to the selling pressure was news of a major Earth Quake in the New Zealand which hurt the NZD and overflowed into the Aussie as well. Overall the AUD/USD traded with a low of 0.9965 and a high of 1.0087 before closing the day at 0.9990 in the New York session.

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