Daily Forecast - 9/2/2010

08 February 2010 @ 04:47 pm EDT

:: Australian Dollar: After gapping higher on the open yesterday the Aussie dollar pared back gains above 87 cents to spend the majority of the Asian day exchanging between 0.8640 and 0.8680. With no major news overnight the AUD/USD continued to hover within this range and despite several attempts to consolidate above 87 cents it opens this morning around 0.8660. Today sees the release of NAB Business Conditions survey which could move the currency out of its recent range.

For more information, go to www.ozforex.com.au

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