AUD Trading Outlook (25-02-2013)

Australian Dollar (AUD) the AUD/USD topped out at 1.0340 on Friday on the back of strong buying after RBA Governor Stevens talked up the Australian economy and played down the high AUD. This is stark contrast to the currency wars seen around the globe lately. AUD/JPY surged this morning and is helping to keep the AUD/USD bears in check. Looking ahead, no economic data.

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