AUD Trading Outlook (11-11-2011)
The Australian Dollar (AUD) the Aussie followed the Euro breaking to fresh lows in late Asian trade before reversing to test 1.0200 in the US session. The good Italian news was trumped when S&P mistakenly released they had downgraded France before letting the market know it was a mistake. The outlook is weakening as the RBA cut rates and the China economy cools down.
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