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Whats happening to the AUDEUR pair?

Written by Sam Coxhead on October 13th, 2011.      0 comments

5:55PM (NZT) This pair was steady to start the week , but as the exit from the US dollar accelerated the AUD began to outperform. This has been pushed further by today’s better than expected employment report in Australia. Also adding to momentum in the last 12 hours or so has been the news from Slovakia with regards to the EFSF. At current levels the pair will find some resistance , so further progress from here will be harder fought for the AUD.
 
The current interbank price is:       .7393 ( 1.3526)     
                                                               
The interbank range on the week to date has been:       .7255/.7410 ( 1.3495/1.3783)
 

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