AUD Trading Outlook (18-07-2011)
The Australian Dollar (AUD) the Aussie was punched lower in European trade on the negative sentiment as Moody& rsquo s put the US Rating on negative watch. The US session saw modest stock gains however and the AUD stabilized in the low 1.0600 region. Overall the AUD/USD traded with a low of 1.0617 and a high of 1.0745 before closing the day at 1.0650 in the New York session. UPDATE Q2 New Zealand CPI is strong at 5.3% vs. 4.5% forecast.
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