AUD Trading Outlook (10-01-2012)
Australian Dollar (AUD) the AUD/USD reversed above 1.0200 and rallied with US stock able to shrug off worse than expected retail sales. November Retail Sales at 0.0% vs. 0.3% forecast. The selling recently has been subdued and the Aussie is showing resilience in an equity bear market that bodes well for longer term AUD Bulls. UPDATE November Building Permits 8.4% vs. 7% forecast.
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