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Excerpt from:  GFT Analysts in the News
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April 17, 2008

Australian Dollar Rises in Currency Trading

Aussie gains in forex trading against the US dollar
Aussie forex trading, currency trading FX market, Australian dollar currency trading, forex trading US dollar, US dollar, commodities
The Australian dollar has been doing rather well so far this year in currency trading on the FX market. A lot of at has been due to the fact that commodities have been doing quite well on US dollar weakness.

Another factor that has helped the Aussie reach $US0.9400 in forex trading is the euro zone inflation. With euro zone inflation on the rise, the ECB is less likely to cut rates. And in forex trading, that is weakening the US dollar across the board.

The Australian dollar is likely to be supported further in currency trading as the US dollar weakens and commodities gain.
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PermalinkAussie in Forex Trading
.Currency trading on the FX market
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Topic Tags:  Aussie forex trading, Australian dollar currency trading, commodities, currency trading FX market, forex trading US dollar, US dollar
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