Syrah Chaetau
All posts from Syrah Chaetau
Syrah Chaetau in Syrah Chaetau,

Currency Market Rallies High Trend

As for today’s currency market, dollar fell for a fifth day on speculation economic gains may not be enough to spur the Federal Reserve to reduce stimulus measures next month and as trading patterns signaled further weakness for the currency.

The Aussie advanced for a fourth day versus the U.S. currency. The up trend is benefit from interest rate cut. It is the third time of the year.

Canada’s dollar gained to the strongest level in a week after improved trade data from China’s export and import and Germany added to signs the global economy is recovering.

India will sell 220 billion rupees ($3.6 billion) of cash management bills each week to prevent currency sudden drop.

Coming up focus on Sep nonfarm and Fed speech, trader also looking forward the quit QE decision.