AUD Trading Outlook (10-08-2012)
Australian Dollar (AUD) the AUD/USD hit day highs above 1.0610 before reversing lower in the European and US session tracking the Euro and GBP. The main drag yesterday was the weaker than expected Chinese industrial output data. July Australian Jobs were strong at 14k vs. 10k forecast. Looking ahead, Chinese July Trade Balance forecast at 34bn vs. 31.7bn previously.
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