AUD Trading Outlook (14-06-2011)
The Australian Dollar (AUD) was quiet in holiday mode in Asia in Europe before snapping higher with the US stock market bounce late in the day. The outlook is closely tied with global stocks markets and how well the Chinese economy can weather its own economic challenges. Overall the AUD/USD traded with a low of 1.0527 and a high of 1.0639 before closing the day at 1.0610 in the New York session. UPDATE Chinese CPI at 5.5% vs. 5.3% previously.
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