AUD Trading Outlook (01-10-2012)

Australian Dollar (AUD) the AUD/USD is following the stock markets and the commodities so we had a negative day on Friday as US equities fell hard. The general China slowdown fears are always lurking in the background and makes it easy to sell on rallies. The RBA meet tomorrow and the consensus is that they are going to cut interest rates by 0.25%. Update September Chinese PMI Manufacturing at 49.8.

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