AUD Trading Outlook (06-08-2012)
Australian Dollar (AUD) the AUD/USD fell immediately after the US jobs data to 1.0500 but as US stocks surged higher we saw the risk sensitive currency move to fresh highs tracking the EUR/USD. The outlook is for more gains above 1.0600 this week if the RBA tomorrow doesn’t surprise the market. Looking ahead, RBA Australian Interest Rate on Tuesday a major risk event for the AUD/USD.
Back to AUD Trading Outlook Archive