AUD Trading Outlook (18-10-2012)

Australian Dollar (AUD) AUD/USD played catch-up with the rest of the risk rally and we saw a move above 1.0300 to 1.0380 in the US session. China Data released today is the main risk event for the Aussie this week with the largest trading partner’s slowdown to be measured with the GDP later today. Looking ahead, China Q3 GDP forecast at 7.4% vs. 7.6% previously.

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