AUD Trading Outlook (06-12-2011)
The Australian Dollar (AUD) the AUD/USD traded between 1.0200 and 1.0300 but ended at 1.0250 as the market was steady ahead of the RBA meeting today. The outlook is mixed with most looking for a cut but a very real chance the RBA hold as recent data has not been negative. The central bank may look to the recent slowing Chinese economy to justify the rate cut however as well as the ongoing EU uncertainty. Looking ahead, RBA Rate announcement forecast at 4.25% vs. 4.5%.
Back to AUD Trading Outlook Archive
