AUD Trading Outlook (26-01-2012)
Australian Dollar (AUD) the Aussie had an eventful day able to shake off a drop in inflation pressures to rally in Asia before dipping in Europe. The US session saw a massive rally to new month and 2012 highs above 1.0600 and is opening up more significant gains to the topside. The relentless rise of the Aussie this year has been on the back of strong stock market gains and heavy real money investment in the Asian commodity powerhouse. Q4 CPI at 3.1% vs. 3.5% previously. Looking ahead, Australian Day Holiday Thursday.
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