Excerpt from: Forex Analysis
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| August 14, 2008 | | Currency trading with the loonie, Aussie and kiwi | Right now, currency trading with the loonie, Aussie and kiwi may prove profitable if you favor these currencies. Commodity currencies are doing well right now as gold prices recover from their disappointing losses over the past week.
Adding to the fuel behind the Australian dollar in FX trading is the fear that the central bank has for inflation. This may put off rate cuts, and it shows that the economy might be expanding after all.
In Canada, despite some losses in currency trading yesterday for the loonie, things are starting to turn around.
Commodity currencies should be carefully consider for your forex trading strategy today.
| Topic Tags: Australian dollar FX trading, commodity currencies, currencies forex trading, currency trading kiwi, currency trading loonie, forex trading strategy, gold prices, inflation | |
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