Australian dollar, euro up in currency tradingThe euro and the Aussie are both looking at a favorable forex trading forecast today. Thanks to a variety of factors, both currencies are expected to gain against the U.S. dollar in currency trading. Forbes reports on the forex trading forecast:
‘The combination of weak US data, rising expectations of aggressive Fed easing and a stable, albeit fragile, Wall Street is a perfect recipe for euro-US dollar and Australian dollar-US dollar strength,’ said John Noonan, an analyst at Thomson IFR.
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