AUD Trading Outlook (22-05-2012)
The Australian Dollar (AUD) maintained its early Asian session rally following an increase in Chinese coal demands, to rally back above 0.9900 as EU trading remained optimistic in light of muted Greece talk. Boosted by AUDJPY demand, and rebounding commodities, The Aussie dollar managed to bounce off lows of 0.9803 to end the trading day near 0.9920
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