Excerpt from: Forex Forecast
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| January 24, 2008 | | Aussie, Kiwi on the FX market | The forex trading forecast is looking good for down under currencies. The Aussie and the kiwi are both expected to do well in the coming days -- and even weeks -- as they maintain their yield advantage. The carry trade is likely to be especially popular in currency trading. Bloomberg reports on the forex trading forecast for the down under currencies:
``Better price action in equity markets means this will be
a good environment for high-yield carry currencies like the
Australian dollar,'' said Robert Rennie, chief currency
strategist at Westpac Banking Corp. in Sydney. ``Yield spreads
have exploded in favor of the Australian dollar.'' | Topic Tags: Aussie FX market, carry trade, currency trading, forex forecast, forex trading, forex trading down under currencies, forex trading forecast, FX market | |
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