218387 Resource 119244 120646 120646 1227016596129 1227016596129 Controlled Down Under Currencies Decline in FX Trading

Currency trading with the kiwi and the Aussie

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">In currency trading, the kiwi and the Aussie are having trouble right now. The <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=a1CyufSv_Dko&refer=currency" target="_blank" title="down under currencies, currencies FX trading, FX trading, kiwi, Aussie, currency trading, global recession, commodity currencies, economy">down under currencies are declining in FX trading</a> as risk aversion remains, and as the global economy continues its descent into recession.</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;">Both the kiwi and the Aussie are commodity currencies, and they rely on equities and raw materials prices to support them in forex trading. As the global recession slows demand and confidence, there is less demand for the products that help the down under currencies.</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;">Interventions have not been helping the Aussie, and risk aversion means that the Japanese yen carry trade is unwinding to the benefit of the yen.</span></font><br /> 9 application/xml false Aussie commodity currencies currencies FX trading currency trading down under currencies economy FX trading global recession kiwi 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:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119244 blog blogsite/GFTForex/web