The Wild Card AUD/USD 30 Sep 2009

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The Wild Card AUD/USD 30 Sep 2009
Wednesday, 30 Sep 2009
The USD Remains Pressured on U.S Interest Rate Prospects

The U.S. currency may be headed for a quarterly decline against 14 of 16 major counterparts before report this week forecast to show American employers cut fewer jobs, boosting demand for higher-yielding assets. Although the greenback posted small gains against major rivals Tuesday, edging higher on the Japanese currency, the currency may reverse its earlier gains on speculation a Federal Reserve official will reiterate today that record-low Interest Rates will be unchanged for an extended period.

The Wild Card
AUD/USD

The price of this pair currently floats in the over-bought territory of the 30 min. chart's RSI, indicating a downward pressure ... read more (http://forexqs.blogspot.com)

[pallavi]

The Australian Dollar was mixed to higher on news from Reserve Bank of Australia Governor, Glenn Stevens, who said that the Australian interest rates will most probably be raised sooner than previously thought.

The Aussie has been the star performer in the forex online as of late, buoyed by round after round of positive economic data out of Australia and now a sign that the economy is faring so much better than expected that a rate increase is in the works.

At 10:30PM GMT, the Australian Dollar was up .33% to the US Dollar to .8706, up .2% to the Euro to 1.6746, up .4% versus the Japanese Yen to 78.45, up .11% to the Canadian Dollar to .9449 and up .09% to the New Zealand Dollar to 1.2181.