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AUD Trading Outlook (19-07-2011)

The Australian Dollar (AUD) the Aussie was pushed lower with the Euro in risk off trading in Asia and Europe and rebounded aggressively with Gold breaking above $1600 and the USD coming under pressure. AUD/NZD hit multi month lows as the NZD outperforms on strong Inflation and rate hike expectations. Overall the AUD/USD traded with a low of 1.0559 and a high of 1.0646 before closing the day at 1.0620 in the New York session. Looking ahead, RBA July Meeting Minutes Released.

Back to AUD Trading Outlook Archive

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