AUD Trading Outlook (17-10-2011)

The Australian Dollar (AUD) was the darling of the market with the AUD/USD breaking above 1.0300 as stocks continued to rally. AUD/JPY surged towards Y80 a key level in the last 12 months. China inflation data was ok but traders are still cautious on the Chinese economy. On Tuesday we get Q3 GDP from the emerging giant and this will be closely watched for any slowdown.

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