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Thursday, April 27, 2006

AUD/USD: New Range

The Dollar is currently holding steady, as market watchers await the testimony of Fed Chairman Bernanke to Congress. On the heels of robust housing data and brisk durable goods orders, the Dollar has regained some composure in recent sessions. If Bernanke's commentary is deemed to have a bullish or hawkish tone, the Dollar may feel the effects of improved sentiment. Read More....