AUD Trading Outlook (15-03-2011)
The Australian Dollar (AUD) the Aussie was hit hard in the risk off trade falling from 1.0150 to 1.0050 in quiet trade. AUD/JPY was wild with the USD/JPY moves but is struggling while stock remain under pressure. Overall the AUD/USD traded with a low of 1.0045 and a high of 1.0114 before closing the day at 1.0090 in the New York session. Looking ahead, RBA March Minutes released.
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