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AUD Trading Outlook (06-02-2012)

Australian Dollar (AUD) the AUD/USD rallied with US stocks as the traditional risk asset still outperformed after the US jobs numbers. The RBA meets on Tuesday and are expected to cut rates as the Australian economy slows down. The recent jobs and inflation data has been soft and this has left the door open for another 0.25% rate cut. AUD/JPY is the strongest pair in the market benefiting from the USD/JPY and AUD/USD upside on Friday.

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