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Copper and Gold all rallied overnight increasing sentiment towards the AUD ahead of this weeks Chinese economic growth data, which will focus on the AUD and the region.

Key Economic data this week

Mon TD Securities December Inflation gauge (no real affect)
Tues NABs Business Confidence Index (no real affect)
Weds Westpac Consumer Sentiment Index (moderate affect)
Thurs Inflation Expectations report and New Motor Vehicle Sales(moderate affect)
Frid Import and Export Prices (moderate/high affect)

AUD Hourly update

Fair current value for the AUD/USD, time(17:32 EST) is 0.9245- so we are neither shorting or going long in the short term.