AUD Trading Outlook (16-10-2012)

Australian Dollar (AUD) the AUD/USD underperformed most majors yesterday as the market continues to price in RBA rate cuts next month. Support was found at 1.0200 and we ended the day at 1.0250 and well supported on the strong US stock performance. The RBA minutes are released today and will be closely watched for clues about November’s meeting.

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