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 Forecast
|  | | August 07, 2008 | | Aussie set for future losses in currency trading | The forex trading forecast for the Australian dollar looks a bit limited as commodities continue to falter on the world markets. The Australian dollar is a commodity currency, so it relies heavily on how well commodities are doing in trading.
Right now, the Aussie is set for future losses as commodities continue their global retreat. Most commodities (Australia is especially concerned with gold) are following the lead of oil prices, which are quite a bit off their record highs of mid-July.
| Topic Tags: Aussie currency trading, Australian dollar, commodities, commodity currency, forex forecast Australian dollar, forex trading Australian dollar, forex trading forecast | |
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