AUD Trading Outlook (05-12-2012)

Australian Dollar (AUD) The AUD/USD was in play yesterday with a cut by the central bank (RBA) of 0.25% to bring the Interest rate to 3.0%. The rates are now as low as the 2009 Crisis levels but the AUD/USD was not sold aggressively in fact we have seen buyers yesterday push the commodity pair to fresh month highs. UPDATE Australian Q3 GDP at 0.5% vs. 0.6% previously Q/Q.

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