AUD Trading Outlook (13-12-2011)

The Australian Dollar (AUD) the AUD/USD broke below 1.0100 as the selling intensified going into Europe but was able to find support at 1.0050 as US stocks found a bottom overnight. The parity level is very close and the Aussie could be trading under the key level in coming sessions as the risk appetite of traders continues to slump. UPDATE November Business Confidence unchanged at 2.

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