AUD Trading Outlook (22-03-2011)

The Australian Dollar (AUD) back above parity as buyers took control and AUD/JPY flows provided steady upside movement. The high yielding Aussie dollar is well positioned to benefit from higher commodities and strong equity markets. Overall the AUD/USD traded with a low of 0.9951 and a high of 1.0072 before closing the day at 1.0045 in the New York session.

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