SubscribeDaily Forex Commentary for September 3, 2009
September 3, 2009
Australia Likely to Raise Rates Soon
The AUD USD posted a strong gain on Wednesday following the news that the Australian economy grew more than expected. The report showed that Aussie GDP was up 0.6%. Traders attributed this gain to the positive influence from government stimulus that encouraged consumer spending. The rally could continue tomorrow as investors may begin to price in the possibility of a rate hike at the next central bank meeting on October 6.
News that the Australian economy was growing along with generally weak …
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[...] News Sources wrote an interesting post today onHere’s a quick excerptSeptember 3, 2009 Australia Likely to Raise Rates Soon The AUD USD posted a strong gain on Wednesday following the news that the Australian economy grew more than expected. The report showed that Aussie GDP… [...]