AUD Trading Outlook (27-06-2012)
Australian Dollar (AUD) the AUD/USD grinded higher from 1.0000 to 1.0080 test but the market is cautious to get ahead of itself on the long side ahead of the ECB meeting which could disappoint and drag the Euro and global stocks lower. China is another big issue for the AUD/USD with the recent slowdown potentially snowballing into a bigger problem than first hoped. Looking ahead, no major economic data releases.
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