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Forex Trading News: Aussie Slides vs. the Greenback

Posted by Mr. Danish FX on Tue, 08/05/2008 - 6:03am in

The AUD hit a 4 month low vs. the USD, falling down to 0.9175 during the overnight trading sessions.  Comments from the Australian Central Bank confirming views that they are open to an interest cut along with a significant drop in metals contributed to this sharp move.  The AUDUSD is trading slightly off these lows about an hour before the NY trading session, which will consist of the FED Interest Rate Decision and Statement, gets underway.  

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