The Australian dollar, one of the main
Since last week the Aussie entered a significant downtrend mainly against the yen and the greenback after a U.S. employment report indicated
Economists affirm that a combination of two individual factors weigh negatively on the Aussies outlook, the new wave of optimism, and tomorrows jobs report, which is likely to come negative. The Australian dollar has climbed significantly as the global economy showed signs of recovery, but as the global slump insists to affect markets, we will be likely to see a weakening Aussie for the next weeks.
AUD/USD fell to 0.7849 as of 8:53 GMT from a previous price of 0.7955. AUD/JPY traded at 73.92 from 75.77.
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