Forex Trading News: AUDUSD Drops to 1-month Lows behind Battered Equities

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November 20, 2008

Forex Trading News: AUDUSD Drops to 1-month Lows behind Battered Equities Posted by Mr. Danish FX on Thu, 11/20/2008 - 12:52am in AUDUSD Despite attempts by the Aussie Central Bank buying a record amount of currency to revive the AUD, the AUDUSD dropped to 1-month lows at .6329. Traders quickly exited this position towards the lower-yielding JPY and liquid USD as the DJIA fell over 5% and the Nikkei down currently about 6%. Adding to this AUD turmoil, traders and investors are highly expecti
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