AUD Trading Outlook (23-12-2011)

The Australian Dollar (AUD) the Aussie was able to rally as stocks moved higher with the commodity currency enjoying support in recent sessions. The RBA may not have to cut rates next year and if stocks rally the Aussie with its 4.25% interest rate will outperform. AUD/JPY is above Y79 but the key level Y80 as risk is slowly increased in the popular carry trade.

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