Australian Dollar Builds Strength in Forex Trading

Aussie gains in currency trading on the FX market

The Australian dollar is building strength in forex trading today, gaining as gold prices provide some support, and as other economic data help out.

Aussie is seeing success in currency trading today, heading higher against major currencies including the euro, pound and U.S. dollar. The Aussie is also doing well against the New Zealand dollar.

Australian dollar often receives support from gold prices, and gold is gaining once again. News that U.S. lawmakers are no closer to a debt ceiling agreement, along with the very real possibility of a credit rating downgrade, are contributing to higher gold prices — and providing support for the Aussie.

Other than that, though, the U.S. dollar is higher against other major currencies. Aussie is the only currency having real success against the U.S. dollar today.

See Also

• Aussie in Forex Trading
  Currency trading on the FX market