AUD Trading Outlook (15-11-2011)
The Australian Dollar (AUD) the Aussie fell back with stocks as the risk currency still tracks the main indices for direction. The European Crisis threatens to the derail the global recovery and this would hurt the AUD more than other currencies. The RBA Minutes released Tuesday in Asia showed the central bank almost left rates on hold at 4.75% but the slowing inflation and increasing Global risks prompted a cut.
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