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Excerpt from:  Forex Analysis
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May 13, 2008

Australian Dollar and Forex Trading Strategy

Risk appetite brings back carry trade
With the Japanese yen carry trade back in place, the Australian dollar is gaining in forex trading.
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Currency Analyst
Things have been a bit choppy on the currency market, and this has been leading to some interesting situations. Right now, risk appetite is making a bit of a comeback on hopes for the US dollar, and this is benefiting other currencies. Bloomberg reports on the carry trade and risk appetite:

``The Australian dollar benefited from the carry trade rally,'' said Jonathan Cavenagh, a currency strategist at Westpac Banking Corp. in Sydney. ``Risk appetite is certainly coming back.''

With the Japanese yen carry trade back in place, the Australian dollar is gaining in forex trading. Strategy should consider that when risk appetite is in vogue, the risky carry trade is as well, benefitting high yielders like the Australian dollar.
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.Risk appetite and the currency market
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Topic Tags:  Australian dollar, Australian dollar forex trading, carry trade, currency market, forex trading strategy, Japanese yen carry trade, risk appetite, US dollar
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