» Down Under Currencies Could Gain in FX Trading

Currency trading with the Aussie and the kiwiDown under currencies may see some improvement in FX trading in the coming days and weeks, especially if the US Federal Reserve does not raise interest rates.

Indeed, currency trading with the Aussie and the kiwi is already showing signs of speculation that the US rate will not rise, and the two currencies are moving higher.

US economic data, including today’s payrolls data, is weighing on the US dollar in forex trading, and providing reason for the Fed to hold rates steady rather than raise them.

This interest rate advantage to the down under currencies is what is expected to help them maintain their strength in FX trading.

See Also

• Down Under Currencies and FX Trading
  Forex trading with world currencies

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This entry was posted on Thursday, July 3rd, 2008 at 15:17 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.