Ikon forex "AUD/USD fell to below 1.0200 and got an adjustment and stabilized" - Forex Forum

laura · #1 (**permalink**) 3rd January 2011, 05:38

After the forex price of AUD/USD reached the new high record for 28 years at 1.0255 in last week, it fell back to below 1.0200 on Monday (January 3), and got an adjustment and stabilized.

A forex dealer in Singapore said part of the forex investors chose to take benefit early in the Asia forex market on Monday, but the conclusion of the forex trading was quite dim.

In addition, the forex price of USD/EUR and USD/GBP as well as other high beneficial yield rate currencies all surged up and this dragged down the forex price of AUD/USD as well.

Some forex dealers predicted that the forex price of AUD/USD would be supported at 1.0160 in short term.

The forex rate of AUD/USD was reported at 1.0183/88 at 09:30 Beijing time.

Edited by Laura in Ikon Group.

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