AUD Trading Outlook (30-08-2012)

Australian Dollar (AUD) the AUD/USD is getting a lot of attention in recent days with the China slow down story getting worldwide press and Iron Ore Prices tumbling as demand from China slumps. Large mining companies in Australia are falling heavily as the market gets spooked on the outlook. Q2 CAPEX was still strong at 3.4% vs. 2.4% forecast.

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