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Australian Dollar Outlook - 13 March 2013

Bell FX Currency Outlook: The Australian Dollar hits a 3-week high overnight by trading through USD 1.0300 assisted by weakness in the New Zealand Dollar.

Australia: This morning the AUD has been trading above USD 1.0320 which is well up from yesterday afternoon's ~ 1.0280 and in so doing has reached its highest level since 22 February 2013.

It managed this during risk-averse trading in the US and European sessions overnight. The rise may be partly due to weakness in the NZD which has surged against the AUD since the start of the year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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