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AUD Trading Outlook (28-02-2013)

Australian Dollar (AUD) was under pressure for most of the day but when the sellers failed to kick lower after breaking through 1.0200 we rebounded to 1.0230. The market was caught short today and we have seen a sharp rally to 1.0280 even with some weak Q4 CAPEX numbers from last year. Once again the Yen cross AUD/JPY was the main source of support and we are back at Y95 after testing Y93 overnight. Update Q4 Australian CAPEX at -1.2% vs. 1.0% forecast.

Back to AUD Trading Outlook Archive

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