AUD Trading Outlook (07-03-2012)

Australian Dollar (AUD) the 1.0600-1.0840 range broke decisively overnight with the China slowdown and Greece fears pushing the risk currency to 1.0550. The market then sold to 1.0500 on weaker than expected GDP data released early in Asia morning Wednesday. UPDATE Q4 GDP at 0.4% vs. 0.8% forecast.

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