AUD Trading Outlook (05-02-2013)

Australian Dollar (AUD) the AUD has had an interesting 23 hours trade able to defy the usual risk off selling flows as EUR/AUD liquidations help support but then pummeled in Asia after the RBA left the door open for further cuts in a surprising neutral statement after quite strong local economic data and strong performance of the local share market since the RBA last met. UPDATE Australian RBA hold rates at 3.0%.

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