Excerpt from: GFT Analysts in the News
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| April 02, 2008 | | Aussie down against the US dollar in currency trading | The Australian dollar is struggling a bit in forex trading on the currency market. The US dollar is showing some signs of life in currency trading, and this stealing some of the thunder from the Aussie.
However, with traders still a little wary of US economic data, and of Fed Chair Ben Bernanke's testimony today, the Australian dollar may see some gains in forex trading. The Sydney Morning Herald reports on the Aussie in currency trading:
"Normally in that environment you might see a little bit more
support for the Aussie dollar, but countering that is this resurgent US
dollar," Mr Cavenagh said Wednesday.
"At the moment it appears the US dollar trend is winning out." | Topic Tags: Aussie currency trading, Australian dollar forex trading, Ben Bernanke testimony, forex trading currency market, US dollar currency trading, US economic data | |
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