AUD Trading Outlook (29-05-2012)

Australian Dollar (AUD) the AUD/USD opened up very strong gaining nearly 1% above 0.9800 and hitting 0.9880 before easing back to the figure by the start of Asia on Monday. The outlook in the short term is on whether the EU can calm markets and stocks can rally. UPDATE April Retail Sales at 5.8% vs. 10.3% previously.

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