AUD Trading Outlook (25-10-2012)

Australian Dollar (AUD) the Aussie was the strongest currency in the market with Q3 inflation ‘hot’ hampering the RBA rate cutting cycle. The Q3 CPI came in at 2.0% y/y much more than the 1.6% forecast. The AUD/USD broke above 1.0300 and grinded higher after the Chinese PMI showed the Chinese manufacturing outlook improving. Looking ahead, no economic data today.

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