Excerpt from: GFT Analysts in the News
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| January 02, 2009 | | Down under currencies up in forex trading | With a new year comes new hope that risk appetite will improve and that global economic stimulus will take effect to begin to stop the recession. As a result, the down under currencies are up in forex trading, reports Bloomberg:
The Australian and New Zealand
dollars rose this week, headed for their longest winning streaks
in more than five months, on speculation global interest-rate
cuts will revive investors’ risk appetite.
The Aussie and the kiwi are seeing improvement in currency trading on the FX market as things change in the global economy. There is hope that interest rate cuts and other measures will help the global economy grow.
Increased risk appetite would serve to help the down under currencies, even as it sends currencies like the Japanese yen lower in forex trading.
| Topic Tags: Aussie currency trading, currencies forex trading, currency trading, down under currencies, economic stimulus, forex trading, recession, yen forex trading | |
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