AUD Trading Outlook (12-12-2011)

The Australian Dollar (AUD) the AUD/USD more volatile than most falling heavily in Asia before reversing and rallying up to 1.0200. Chinese data on Friday was supportive but the EU summit concerns dominated the price action. The chances of more falls will depend on Italian bond yields and stock markets. UPDATE October Trade Balance at 1595 vs. 1900 forecast.

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