Wednesday, 28 October 2009

Aussie rebounds

The fact that corporate earnings and several reports in the United States came better than what most of economists predicted pushed confidence among traders to return to high-yielding assets intensively. The Australian dollar lost significantly versus the yen two weeks ago, and the current market scenario is the perfect opportunity for traders to profit as the Aussie rebounds.

AUD/JPY climbed to 76.89 as of 11:34 GMT from an opening price of 75.75. AUD/USD followed, being traded at 0.8124 from 0.8055.

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