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Forex Trading Fundamental Analysis (2010/10/02) Aussie in the Spotlight

The market appears to have priced in a 25 basis point hike by the Reserve Bank of Australia when they announce their decision on Monday at 11:30 PM EST. The price action of the Aussie has reflected this belief as the widening of the already favorable yield differential has led to a marked appreciation versus the rest of the majors. The potential hike has been widely telegraphed as robust domestic growth data has led the RBA to openly consider adopting this measure to keep their economy from overheating. For more AUD/USD forex fundamental analysis, please click here.