Imports
fell and exports were flat in Australia in the month of December and this
triggered a sell off on the Aussie Dollar Tuesday of around half a cent against
the Greenback. There is a distinct lack of liquidity in the currency market at
present but this should improve over the coming week.
This
time last year we were in the midst of a US debt ceiling debate and crisis
however this year the currency market is floundering with no headlines news to
take price in a trending direction.
Many
traders are still on vacation and volumes are very light so until this changes,
and it will, I urge you to be cautious.
Andrew Barnett, Senior Trader at LTG GoldRock Reviews the latest Forex News.
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