214496 Resource 119241 120646 120646 1224160423116 1224160423116 Controlled Australian Dollar Forex Trading Forecast

Down under currencies to fall in FX trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The Australian dollar forex trading forecast is looking pretty grim right now. Just a few months ago, the Aussie was within striking distance of parity with the U.S. dollar in currency trading. Now both <a href="item/214433" target="_blank" title="Australian dollar forex trading, forex trading forecast, forex trading, FX trading, currency trading, currency trading FX market, currencies FX trading, commodities">down under currencies are struggling in FX trading</a>.</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;">One of the main reasons for the troubles for the Aussie and the kiwi in currency trading on the FX market is to do with the slowing global economy. Commodities are slowing, and consumers aren't buying products that those commodities are made from. The demand is declining. <br /><br /><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aprit0OdqI2U&refer=currency" target="_blank" title="Australian dollar forex trading, forex trading forecast, forex trading, FX trading, currency trading, currency trading FX market, currencies FX trading, commodities">Bloomberg reports on the Australian dollar forex trading forecast</a>:</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-family: verdana,arial,helvetica,sans-serif;"><font size="2">``Sentiment is pretty bad on the Australian dollar,'' said <a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Richard+Grace&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Richard Grace</a>, chief currency strategist at Commonwealth Bank of Australia in Sydney. ``The unavoidable recession in the U.S., Europe and probably Japan suggests that downward pressure will remain on the Aussie dollar,'' he said, referring to the currency by its nickname. </font></div> 9 application/xml false Australian dollar forex trading commodities currencies FX trading currency trading currency trading FX market forex trading forex trading forecast FX trading Commodities futures and more with GFT Futures http://www.gftfutures.com World currencies in FX trading http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119241 blog blogsite/GFTForex/web