Excerpt from: Forex News
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| July 27, 2010 | | Currency trading with AUD/USD | Risk appetite is putting in an appearance on the currency market today, and AUD/USD is benefitting. Asian stocks ended mixed today, but the Australian market was one of those showing gains. As a result, there is some momentum behind the Aussie in forex trading.
Indeed, matters are progressing reasonably well for the Aussie this morning as forex traders look for high yields, rather than for safe haven investments. With U.S. stock futures pointing to a higher open, and bullishness prevailing in general, it is little surprise that the Australian dollar is doing well.
Also helping to support the Aussie in forex trading is the fact that there is support from China. Even though China's growth is moderating, there is still plenty of it to help the Australian economy -- and the Aussie in forex trading on the currency market.
| Topic Tags: AUD/USD, Aussie forex, currency market, currency trading, forex traders, forex trading | |
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