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Australian Dollar Outlook - 15 November 2012

Bell FX Currency Outlook: Australian Dollar takes a tumble as risk appetite wanes.

Australia: The Australian dollar has seen a significant pull back this morning as it followed equity markets lower overnight. Comments from the US Federal Reserve suggesting it was considering a bond-buying program to stimulate the labour market saw renewed concerns over the US economy.

The local unit traded to a low of 1.0369 against a stronger US dollar and is broadly lower against the crosses. A small bid for safety helped the safe-haven US dollar and saw US treasuries erase some earlier losses.

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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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