Wednesday, January 5, 2011

Good Entry Point For Long Aussie Positions

The recent decline in the Australian dollar is a good opportunity to buy the currency against the euro and greenback, says Kathy Lien, director of currency research at GFT. She shares her FX trading strategy with Rajiv Biswas of IHS Global Insight and CNBC's Martin Soong & Sri Jegarajah. This maybe true but I would rather be long CAD versus the AUD.

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