Forex Trading News: Australian Trade Balance

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November 5, 2008

Forex Trading News: Australian Trade Balance Posted by Alex Chernomordin on Tue, 11/04/2008 - 7:32pm in aud Following an unexpected 75 basis point rate cut in Australia and the AUD rallying against the USD and with the markets are expecting a weaker Trade Balance reading of 500M, it has come in unexpectedly higher at 1.46Billion. This reading has somewhat propped up the AUD, although it has not been able to retest the highs set yesterday. Alex Chernomordin’s blog
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