AUD gapped immediately lower yesterday
Australian Dollar The Australian Dollar gapped immediately lower yesterday morning as local traders corrected their positions following a string of credit downgrades out of Europe of Friday. Despite a local report which showed home loans rose in November by a greater than forecasted amount the Australian dollar was sold to reach a mid afternoon low of 1.0253 against its US Counterpart. With the US being closed as a result of a public holiday the Australian Currency did manage to pare back some
