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: Forex Strategies
|  | | August 06, 2008 | | Down under currencies and FX trading | Forex trading strategy for the Australian dollar should consider that it has closed lower again in local trading. The Aussie is slowly moving out of striking range of parity with the US dollar in currency trading.
The Sydney Morning Herald reports that the the Aussie should see some gains in currency trading in the coming weeks, though:
Mr Halmarick said the Australian dollar would climb back to $US0.9400
in coming weeks, and would hold above 0.9200 on Thursday if labour
force data for July showed a strong level of job creation.
The New Zealand dollar, on the other hand, is actually gaining in currency trading on the FX market. The kiwi made gains against the Aussie, greenback and the yen.
| Topic Tags: Aussie currency trading, currencies FX trading, down under currencies, forex strategy Australian dollar, forex trading Australian dollar, forex trading strategy, New Zealand dollar currency trading | |
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