Australian Dollar news

Australian dollar has recently surged with the latest news of Australia's unexpected gaining of around 40,000 jobs in September 2009. This has sent the unemployment rate from 5, 8% to 5, 7%, which was the first drop in last five months. What was even more encouraging, the 35,000 increase in full time positions was the one producing most of the gains. The strengthening of the Australian dollar was further supported by the positive reactions of the offshore investors to the decision of RBA (Reserve Bank of Australia) to lift the interest rates, which also resulted with a positive finish on Wall Street. The economy of Australia has managed to defile the recession, while the international data has confirmed that Australian economy belongs to the strongest economies in the developed world countries. Australian dollar is also supported by the fact that Australian economy shows low unemployment rate and modest growth rather than recession. You can make profitable investment in Australia through its currency. The Australian dollar belongs to the world's most traded currencies and US Dollar/Australian dollar pair is the 4th most traded currency pair. In order to make Forex exchange easier for investors, CurrencyShares Australian dollar trust has been designed to track the performance of the currency If you are considering foreign currency trading, you should get yourself familiar with the facts that make some currency attractive for trading. The currency pair of your choice will have to move, either up or down, in order for you to make profit from trading Forex.