Tuesday, October 12, 2010

AUD: for Long, it becomes all the more insidious and nerve-racking

The first essential fact of risk-aversion in a few weeks, and strengthening the dollar had an impact on the Australian last night. As a result, it traded below 0.98 at the start of trading in London following yesterday's threats to break a new record. It is worth noting the increased volatility that has become evident in the Australian dollar over the past several sessions, with several particularly sharp setbacks. This is somewhat understandable given the historic levels achieved Aussie at the moment and the degree of long-term interest in the currency. Now many Australians stop-loss, potentially causing a self-sustaining wave of sales. The Australian showed themselves very well, but for Long, he is becoming more insidious and nervous.

Translate this page

Search This Blog