AUD Trading Outlook (13-10-2011)

The Australian Dollar (AUD) was the best performing currency in the market overnight with the risk on rally and AUD/JPY buying pushing the major above 1.0000. Large stops sent the AUD/USD to 1.0200 by the US session in one of the biggest moves the AUD/USD has seen in recent months. Looking ahead, September Unemployment Rate forecast at 5.3% vs. 5.3% previously. Employment Change forecast at 10k vs. -9.7k previously.

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