AUD Trading Outlook (12-12-2012)

Australian Dollar (AUD)finally broke above 1.0500 and we have opened up a run to 2012 highs 1.0625 if investor appetite can remain upbeat. Recent Chinese data releases and easing Euro tail risks have created a risk on trading environment for the Aussie. EUR/AUD is still in play for the AUD bears but the outperformance of the AUD is still expected for the short term at least. Looking ahead, RBAGovernor Stevens Speaks.

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