Wednesday, November 18, 2009

Australian Dollar Remains Bullish on China Growth

Australian dollarThe Australian dollar, the second best performing currency in trading markets this year after the Brazilian real, climbed further as China, its main trading partner, posted positive economic figures this Wednesday, adding confidence to the already attractive Aussie.
After China posted monthly reports indicating an increased industrial production and improved retail sales for September, the Australian dollar found grounds to remain positive versus most of its rival currencies, trading near the highest level in 2009 versus its U.S. counterpart.
AUD/USD traded at 0.9289 from a rather neutral level yesterday..link.

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