189380 Resource 119244 120646 120646 1194873307661 1194873307661 Controlled Australian Dollar Drops in Forex Trading Carry trade unwinds, bringing the Aussie down in currency trading <font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="http://www.theaustralian.news.com.au/story/0,25197,22742923-36418,00.html" target="_blank" title="Aussie currency trading, currency trading, FX market, forex trading, Australian dollar forex trading, carry tade, U.S. financial sector, carry trade forex trading">Aussie is down in currency trading</a> on the FX market this morning as the carry trade unwinds. Risk aversion, mainly due to the continuing turmoil in the U.S. financial sector, is creating problems for the Australian dollar and other currencies that rely on risk appetite and the carry trade to support them in forex trading. </span><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aZJ6BvtGajNI&refer=currency" target="_blank" title="Aussie currency trading, currency trading, FX market, forex trading, Australian dollar forex trading, carry tade, U.S. financial sector, carry trade forex trading" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on the state of the Aussie in currency trading</a><span style="font-family: verdana,arial,helvetica,sans-serif;">:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"><font size="2"> ``There's been a big dump in the Australian dollar on the carry trade unwinding,'' said Sue Trinh, a senior currency strategist in Sydney at RBC Capital Markets, the second-most accurate forecaster of exchange rates in the second quarter in Bloomberg surveys.</font></div> 9 application/xml false Aussie currency trading Australian dollar forex trading carry tade carry trade forex trading currency trading forex trading FX market U.S. financial sector Australian Dollar Forex Trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.9) Gecko/20071025 Firefox/2.0.0.9 127.0.0.1 127.0.0.1 mmarquit 70.102.74.53 false true false false true 119244 blog blogsite/GFTForex/web