AUD Trading Outlook (07-11-2011)

The Australian Dollar (AUD) The AUD did well to remain buoyant on Friday with the risk currency leading on the way down after stock selling post US jobs. The market caught the pair at 1.0320 and a late US session rally sent the risk currency back to 1.0400. The outlook is closely tied to the EU/Italy/Greece headlines and the subsequent stock market volatility.

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