SubscribeDaily Forex Commentary for April 23, 2009
April 23rd, 2009 • Related • Filed Under
April 23, 2009
Economic Woes Could Trigger Sharp Break in Aussie Dollar
The Australian Dollar could be looking at a sharp selloff as signs are out there that investors are focusing more on the Australian economy than the higher yields offered by the market. Even the stock market rally on Wednesday could not encourage risk hungry traders to go after the higher yielding AUD USD. This is clearly a sign of developing weakness and is likely to trigger further downside pressure as traders are shifting their needs from return on capital to return of capital. …
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