Australian dollar reaches new high in forex tradingThe Aussie is on the rise again in currency trading on the FX market. The down under currency is gaining as the economy continues to fight inflation.
The Australian dollar has reached a 24 year high, and is approaching parity with the US and Canadian dollars. Other countries on the Pacific Rim, including Singapore and Malaysia are also seeing growth on the FX market.
See AlsoAustralian Dollar in Forex TradingCurrency trading on the FX market (more…)
Currency trading with the greenbackThe big forex trading news this morning is that the US dollar continues to rally. Currency trading with the greenback should consider that many are seeing the end of the credit crisis, and that US economic data are showing that the economy is not in such bad shape after all.
See AlsoCurrency Trading with the GreenbackForex trading news and more (more…)
EUR/USD gains in forex tradingThe euro continues to rally in currency trading, trading within range of a record high against the US dollar on the FX market.
The currency paid EUR/USD in forex trading has been a bit volatile the last few weeks, and it is steadying somewhat this morning ahead of US economic data.
However, the euro remains in striking range of the record high in currency trading, and weak economic data — along with oil prices that hit above $118 a barrel — cou (more…)
Inflation supports Aussie in currency tradingThe Aussie has reached new highs in currency trading on the FX market. The Australian dollar continues to gain as inflation remains a problem. In order to slow inflation and the rapid progress of the economy, the Reserve Bank of Australia is expected to raise interest rates.
The Aussie touched above 95 U.S. cents before falling back just below. But it still remains within striking distance of the 95 U.S. cents level. Additionally, the Australian dollar is advancing against the yen in forex (more…)
