AUD Trading Outlook (10-03-2011)

The Australian Dollar (AUD) was quiet as stock markets offered little direction with support found just below Tuesday&rsquo s low. RBA Stevens spoke in London and was very upbeat taking up the prospects of the commodity economy going forward. Overall the AUD/USD traded with a low of 1.0057 and a high of 1.0134 before closing the day at 1.0095 in the New York session. Update February Employment change of -10k vs. 20k forecast.

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