Sunday, April 1, 2012

U.S. Dollar to rally on Cad and Aud - Forex Insight shared

Expect the USD to strengthen in the short term against commodity currencies and oil. LINK TO ARTICLE on Alpha

The Aussie economy is tied heavily to China through commodity trade. As the Chinese economy slows, or at least isn't accelerating as fast, the Aussie will weaken. In the above chart, the price action is carrying momentum down through the trend line, signifying USD appreciation.


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