Down under currencies poised to gain in forex tradingThe Aussie and the kiwi are looking toward a favorable forex forecast as the U.S. dollar continues to flounder on the currency market. Down under currencies are well-placed to gain in forex trading, as currency traders speculate on another Fed rate cut next month. Bloomberg reports on the down under currencies and forex trading:
“I’m bullish both currencies against the U.S. dollar because of the growing yield gap,” said Clifford Bennett, chief economist at Sonray Capital Markets Ltd. in Sydney. “People are realizing the U.S. is in worse shape than first thought and that the Fed will need to cut again.”
See Also
Aussie and Kiwi and the Forex ForecastForex trading on the currency market
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