Australian Dollar (AUD) the AUD/USD extended the uptrend above 1.0500 and pushing to resistance near 1.0560 before easing on profit taking. The outlook is very strong for the Aussie which is only 5 cents off all-time highs in the middle of a debt crisis. Improving Chinese or US data should support going forward. Looking ahead, Q4 CPI on Wednesday forecast at 0.2% vs. 0.6% previously.
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