Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.
Home » Forex Market Discussions » Mr. Danish FX's blog

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.  

email us with comments