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Excerpt from:  Forex Forecast
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August 22, 2007

Forex Trading Forecast Australian Dollar

The Aussie in currency trading
The Aussie appears to be well-supported in currency trading on the FX market, according to some analysts. Indeed, the forex trading forecast for the Australian dollar calls for it to strengthen, especially against the Japanese yen. The yield is expected to remain high, and as such the Aussie should do well through the end of the year in currency trading. Bloomberg reports on the forex trading forecast for the Australian dollar:

``The fundamental outlook for the Australian dollar is still very good,'' said Melbourne-based [Craig] Ferguson, a former currency strategist at Australia & New Zealand Banking Group Ltd., the nation's third-largest lender. ``Nothing has changed other than the risk environment.''
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PermalinkForex Trading and the Australian Dollar
.Currency trading on the FX market
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Topic Tags:  Aussie currency trading, currency trading, forex trading Australian dollar, forex trading forecast, forex trading forecast Australian dollar, FX market
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