Dollar Versus Euro and Aussie October 4th

FX Strategy Video > Currency Pairs Analysis

EUR/USD continued its fall on Monday as traders continue to sell off any and everything against the USD. The EU is a hotbed of doubt and fear right now, so we see this as a "sell the rally" type of market at this point.

AUD/USD followed suit as the USD is without a doubt the currency everyone wants currently. With the global economy in doubt, the demand for commodities should continue to fall, something that works against the Aussie in a major way.

Published on 3rd of October 2011
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