Excerpt from: Financial Spread Betting Strategies
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| May 04, 2007 | | Placing spread bets on the Aussie | While spread bets on Australian bonds should consider that they will be up, the same is not true of the Australian dollar. Financial spread betting strategy should consider that the Aussie is likely to weaken over the next few days before commodities manage to buoy it back up. News.com.au reports on the Australian dollar:
The domestic currency could now fall below 82 US cents following its strong run in recent weeks..
"A little bit of profit-taking would not be out of the question," Mr Halmarick said.
However, the dollar is expected to move back above the 83 US cent
mark in coming weeks as stronger commodity prices continue to support
the currency. | | |
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