AUD Trading Outlook (08-02-2012)

The AUD/USD was the strongest currency in the market when the RBA shocked traders leaving interest rates at 4.25% vs. a 0.25% most expected. AUD/USD broke above 1.0800 and is eyeing all-time highs at 1.1000 seen last year. Looking ahead, Q4 NZD Employment Change forecast at 0.4% vs. 0.2% Q/Q. January Chinese CPI forecast at 4.0% vs. 4.1% y/y.

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