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HISTORICAL DETAILS
% Change
1 Wk -0.89%
1 Month 0.58%
3 Months 0.87%
6 Months 7.35%
1 Year 20.76%
52 WEEK
High 1.1012
Low 0.8634
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.07
Q3 2011 1.07
Q4 2011 1.04
Q1 2012 1.03
DAILY DETAIL
The AUD has experienced some noticeable softness over the last 24 hours. This occurred as investor nerves have resurfaced on renewed fears that Italy could be the next European nation to experience sovereign debt issues, plus the US government’s continued stalemate over an extension to the debt ceiling. These concerns come on top of the continued fallout from Friday’s dismal non-farm payroll report and China’s hotter-than-expected inflation reading. The re-emergence of risk aversion overnight saw traders bailing out of the risk currencies. Having ended the Australian session around the 1.0720 mark, the AUD slumped to a US session low of 1.0640, only to recover slightly to end US trade at 1.0656. Upon reopening for the Asian session, the AUD was caught in the equities downdraft, at one stage falling below the 1.06 mark, before recovering slightly to the current level of 1.0607. Cameron Peacock, Australia
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