AUD Trading Outlook (11-04-2012)

Australian Dollar (AUD) the AUD/USD came under pressure with risk off trade in Europe reversing an earlier rally to 1.0350 and falling to fresh multimonth lows near 1.0230. April Consumer sentiment fell along with housing finance and this adds to calls for the RBA to cut rates in May. Looking ahead, March Unemployment Change forecast at 6.7k vs. -15.4k previously.

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