RBA Rate Decision Could Break the Aussie

After posting modest gains at the start of the week, the Australian Dollar finished the week poorly, dropping by 1.20 percent against the U.S. Dollar. The Australian Dollar, as part of the commodity currency block, faced significant headwinds in the latter half of the week; however, this was widely expected, as global growth continues to show signs of weakness and the European sovereign debt situation has squeezed investors out of higher yielding and risky assets.