Excerpt from: Forex Forecast
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| April 22, 2008 | | Aussie to gain parity with Canadian dollar in currency trading? | The Australian dollar forex trading forecast calls for parity with the Canadian dollar. In currency trading on the FX market, the Aussie has been doing rather well, as it is supported by inflation.
The Australian dollar is also approaching parity with the US dollar, reaching the 0.94 level. Inflation is playing a major role. Bloomberg reports on the Australian dollar forex trading forecast:
``It does really seem the Aussie can move to parity'' with
Canada's dollar, said Stephen Koukoulas, London-based head of
global foreign exchange and fixed-income strategy at the unit of
Toronto-Dominion Bank, confirming a research note dated
yesterday. | Topic Tags: Aussie currency trading, Australian dollar forex trading, Canadian dollar, currency trading FX market, forex trading, forex trading forecast | |
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