Australian Dollar (AUD) the AUD/USD had a volatile trading day up to 1.0000 at the height of positive momentum after the China rate cut. The disappointing Bernanke speech and stocks losses in the Asian session Friday has seen the AUD/USD fall back to 0.9850 under heavy selling pressure. The trend is still down and 0.9580 may be tested if the European debt crisis continues to fester.
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