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AUD Trading Outlook (20-06-2011)

The Australian Dollar (AUD) was unable to take full advantage of the USD weakness and stronger stock markets with commodities under pressure for most of the day. Hurting commodities at the moment is fears that the China central bank will have to raise rates soon to fight inflation and that growth may slow down quicker than thought. Overall the AUD/USD traded with a low of 1.0510 and a high of 1.0638 before closing the day at 1.0625 in the New York session.

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