AUD Trading Outlook (11-03-2011)

The Australian Dollar (AUD) sentiment was hurt in the Asia with a -10k February Jobs reports vs. +20k forecast. Adding extra weight to the selling was the surprise Chinese trade deficit with the market focusing attention on the giant Asian economy which has major trade links to Australia. Overall the AUD/USD traded with a low of 0.9988 and a high of 1.0120 before closing the day at 1.0020 in the New York session.

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