Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Foreign Exchange Rates
|  | | August 05, 2008 | | Currency trading with the Aussie and the kiwi | Since yesterday, it has been expected that the Australian dollar would drop in forex trading on the currency market -- and it has.
After the central bank kept borrowing costs in Australian the same, the RBA governor Glenn Stevens indicated that a rate cut may be seen in the near future. This signal was not lost on traders, who began selling off the Aussie.
Down under currencies in general are dropping in FX trading, as the kiwi follows the lead of the Aussie.
| Topic Tags: Australian dollar forex trading, currencies FX trading, currency trading Aussie, currency trading kiwi, down under currencies, forex trading, forex trading currency market | |
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