Down Under Currencies Drop on Global Economics

Forex trading with down under currenciesDown under currencies are down in FX trading on the currency market this morning. With risk aversion high, despite new hope for the U.S. financial bailout, the yen carry trade is unwinding. After all, the bailout approved by the Senate still has to pass the House.

Additionally, global economics affect the down under currencies on the FX market, due to their nature as commodity currencies.

See Also

• More on the Senate Bailout Package
  Senate v. House bailout versions
• Down Under Currencies on the FX Market
  FX trading on the currency market

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