AUD Trading Outlook (30-12-2011)

The Australian Dollar (AUD) the US session saw AUD/USD lead the other currencies higher with a move to 1.0150. This was despite heavy gold selling and Oil weakness with the market instead following stocks. The range is still holding even as GBP and EURO break to the downside and this is letting the Aussie gain on most crosses. Update December HSBC PMI revised to 48.7 vs. 49 first printed.

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