AUD Trading Outlook (26-10-2011)

The Australian Dollar (AUD) the AUD/USD failed to get above 1.0500 going into the European session and when stocks turned negative the pair fell back to 1.0400 supported. Q3 CPI figures just released were at forecast at 0.6% q/q but the core figures showed a sharp miss at 0.3% vs. 0.7% forecast. The AUD/USD current down at 1.0370 supports.

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