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Australian Dollar Falls in Currency Trading

July 01st, 2008 | Category: Forex

Aussie drops in forex trading on the currency marketThe Australian dollar has finally fallen in currency trading on the FX market, ending five days of gains. Speculation is that the central bank will not need to raise interest rates again in the instant futures, and that is having a dampening effect on the Aussie in forex trading.

In addition to the Australian dollar, the New Zealand dollar is additionally

down in FX trading today. Both of these down under currencies are commodity currencies, and the expectation that the global commodity bubble will burst at some point in the relatively near future could plus be playing a role in their struggles in FX trading.

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Original post by Eric J. Fox

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