212110 Resource 119244 120646 120646 1220358762857 1220358762857 Controlled Reserve Bank of Australia Cuts Interest Rates

Aussie drops in FX trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">For the first time in seven years, the<a href="http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2008-09-02.html" target="_blank" title="Reserve Bank of Australia, interest rates, Australia interest rates, Aussie FX trading, FX trading currency market, Australian dollar currency trading, currency trading"> Reserve Bank of Australia cut interest rates</a>. As a result, the Aussie is dropping in FX trading on the currency market.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">The move was the result of a slowing economy, spurred on by credit market worries, falling oil prices and drops in other commodities. The <a href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/rate-cut-and-oil-slump-hurt-aud-2008090258406/" target="_blank" title="Reserve Bank of Australia, interest rates, Australia interest rates, Aussie FX trading, FX trading currency market, Australian dollar currency trading, currency trading">Australian dollar is faltering in currency trading</a>, although there is some idea that a recovery may come soon.</span></font><br /> 9 application/xml false Aussie FX trading Australia interest rates Australian dollar currency trading currency trading FX trading currency market interest rates Reserve Bank of Australia Australian dollar in currency trading http://forexhound.com/article.cfm?articleID=109470 FX trading with world currencies http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.1) Gecko/2008070206 Firefox/3.0.1 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119244 blog blogsite/GFTForex/web