Excerpt from: GFT Analysts in the News
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| January 05, 2009 | | Aussie, kiwi gain in currency trading | After finishing strong on Friday in FX trading, down under currencies are again making gains. In forex trading, things are looking better for the Australian dollar and the New Zealand dollar as commodities start their recovery and risk appetite increases, thanks to the news about the U.S. dollar and the U.S. economy.
The Aussie and the kiwi are both seeing some recovery, but we will see how long it lasts. Bloomberg reports on the Aussie and kiwi in currency trading:
“The Aussie and the kiwi dollars have continued from their
strong finish on Friday night due to an improved risk
environment and some optimism for equity inflows,” said Robert
Rennie, chief currency strategist at Westpac Banking Corp. in
Sydney, referring to the currencies by their nicknames. “The
deteriorating situation in Israel also has the potential to
boost crude prices.” | Topic Tags: currencies forex trading, currency trading, down under currencies, FX trading, U.S. dollar, U.S. economy | |
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