Forex trading with risk currenciesThe risk trade is the way to go on the [B]currency market[/B] today. In forex trading, risk currencies are heading higher as risk appetite takes over. The U.S. dollar is heading lower as the stock market rallies and investors look for higher returns.
[B]Risk currencies[/B] like the U.K. pound and the Australian dollar are heading higher today, getting a boost from the optimism pervading the markets today. There is hope for economic recovery.
In Britain, the news that Lloyds is looking to get out from under government asset protection is helping the sterling on the currency market. For the [B]Australian dollar[/B], news that Chinese demand is ready to pick up is providing some helpful momentum. So is the fact that the Reserve Bank of Australia just raised interest rates. As long as things remain promising, the risk trade should continue to do well.
[B]See Also[/B]
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[li]Risk Currencies and More[/li]Forex trading on the currency market
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