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USD Trading Outlook (03-06-2013)

The AUD was sold heavily again on Friday as big month-end flows from asset managers proved to be mainly in one direction. Major support levels remain intact however, and we have seen a modest bounce this morning back above .9600 after better than expected Chinese manufacturing data was released over the weekend.

There are some risk events on the economic calendar with the HSBC version of China PMI as well as Australian retail sales.

Back to USD Trading Outlook Archive

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