Excerpt from: Spot Forex
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| April 01, 2010 | | Commodity currencies rally in forex trading | The sterling is continuing yesterday's rally on the spot forex market, heading higher as risk appetite makes an appearance. Indeed, the U.K. pound is getting some help from the fact that investors are feeling more confident about the state of the global economy and are getting ready for higher returns.
Commodities are higher today, with gold prices and oil prices solidly higher. As a result, commodity currencies are gaining. The Canadian dollar and the down under currencies are doing well, along with the sterling.
Euro is also doing well in forex trading as investors begin to feel better about the state of the global economy, becoming more comfortable with the earnings they can get with high beta currencies.
| Topic Tags: commodities, commodity currencies, economy, euro forex trading, forex trading, spot forex market | |
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