AUD Dollar FX trader
(Action Economics) - 24-Jan-13 05:47 - AUD-USD continued to trade within the familiar range.
After hours Apple earnings results forced an early move from 1.0550 to 1.0510-15 as short term accounts headed for dollar safety.
However, the better than expected China PMI provided support and helped it back to 1.0550.
There was no follow through though and AUD traded into 1.0510 by the time the European session got underway as North Korean risk weighed.
Some local names also took their guidance from a WSJ article, where RBA board member Rideout urged active management of the economy this year.
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