Excerpt from:  Forex News
.
October 02, 2008

Down Under Currencies Drop on Global Economics

Forex trading with down under currencies
Down under currencies are down in FX trading on the currency market this morning. With risk aversion high, despite new hope for the U.S. financial bailout, the yen carry trade is unwinding. After all, the bailout approved by the Senate still has to pass the House.

Additionally, global economics affect the down under currencies on the FX market, due to their nature as commodity currencies.

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Topic Tags:  currencies FX market, down under currencies, FX trading currencies, FX trading currency market, global economics, U.S. bailout, yen carry trade

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