AUD Trading Outlook (21-03-2012)
Australian Dollar (AUD) the AUD/USD has been played as the Chinese currency in recent months so when the China slowdown news from BHP hit the wires the European and the US traders sold the AUD aggressively across the board for one of the heaviest one day losses for the commodity currency this year. The story is taking grip on the market and could be a theme for the coming weeks. Looking ahead, Q4 GDP forecast at 0.6% vs. 0.8% previously.
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