AUD Trading Outlook (27-10-2011)

The Australian Dollar (AUD) the Aussie broke under 1.0400 yesterday after slower than expected Q3 CPI core measurements. The market is now pricing in a high chance of the RBA cutting rates at next weeks meeting and this is capping gains. Later, the AUD/USD soared on the Greek debt deal news and is threatening to break 1.0500.

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