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USD Trading Outlook (03-04-2014)

The Australian Dollar (AUD): The pair was trading in tight ranges (0.9230-65) throughout Europe and NY session with slightly bearish signals as USD strength is still the overall sentiment for the market and the AUD was bought on crosses. The AUD now could go either way at the moment, risk events coming up today and tomorrow which will give a better indication on the pair. For today, we have the retail sales, trade balance, RBA Steven speaking, China March HSBC PMI and ECB due later in the day.

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