AUD Trading Outlook (15-06-2011)
The Australian Dollar (AUD) Was strong in the risk on trading environment rallying with stocks above 1.0700 before reversing later on the Euro weakness. AUD/JPY was strong pushing above Y86 on the BOJ lending facility and threatening to resume its recent uptrend. Overall the AUD/USD traded with a low of 1.0567 and a high of 1.0717 before closing the day at 1.0680 in the New York session.
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