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International Investing / Australia (All-Ordinaries)


Subject:  AUD - Australian Dollar Tracking Date:  1/30/2009  7:32 PM
Author:  whatismyoption Number:  6176 of 6186

AUD is in a downtrend. After bouncing off the low around 0.60 due to strong support from the Reserve Bank of Australia and hitting around 0.73 (going by memory) AUD is now 0.6352.

The news following this weakening of AUD was the sell-off was caused by concern of large rate cut by RBA next week.
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