forex trading outlook today - gbp aud forecast 2012 : The Aussie dollar has been on the back foot since the stock market rout gained momentum in early August. Typically investors sell high yielding assets when fear grips the markets, and this was no exception.
The Aussie currency lost as much as 10% against Sterling in just six trading days, sending the exchange rate up above 1.60 before settling back to spend the last two weeks consolidating just above the 1.55 level. Stock markets have found at least a short term low, allowing the high yielders to stabilise and trade cautiously higher in anticipation that the panic is over for now. read more
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The Aussie currency lost as much as 10% against Sterling in just six trading days, sending the exchange rate up above 1.60 before settling back to spend the last two weeks consolidating just above the 1.55 level. Stock markets have found at least a short term low, allowing the high yielders to stabilise and trade cautiously higher in anticipation that the panic is over for now. read more
aud forecast 2012, aud gbp forecast 2012, gbp aud 2012 forecast, gbp aud forecast 2012
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