AUD Trading Outlook (03-06-2011)

The Australian Dollar (AUD) tracked the Euro in a bounce higher helped by strong local economic data. April Retail Sales surged 1.1% vs. 0.4% previously. Commodities were mixed and the next big mover will be US jobs data tonight. Overall the AUD/USD traded with a low of 1.0585 and a high of 1.0690 before closing the day at 1.0680 in the New York session.

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