AUD Trading Outlook (20-07-2011)
The Australian Dollar (AUD) the Aussie shrugged off weakness in Asia on the back of neutral RBA minutes to track the stock markets and break back above 1.0735. The RBA has dropped the need to raise rates at some stage from their minutes this month with a more balanced view of the economy which had shown some signs of slowing in recent months. Overall the AUD/USD traded with a low of 1.0607 and a high of 1.0645 before closing the day at 1.0730 in the New York session.
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