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AUD Trading Outlook (12-07-2012)

Australian Dollar (AUD) The AUD/USD was another currency in play during the Asian session as June Employment dropped -27k unexpectedly vs. 0k forecast. The Unemployment rate also increased to 5.2% and the AUD/USD was crushed lower under 1.0200 to 1.0180 after opening at 1.0260. Looking ahead, Friday the big risk event of the weak is the Chinese GDP which is expected to show a significant slowdown and is concerning Asian investors.

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