AUD/USD forecast for today: In accordance with the prediction AUD/USD is up by 1.8% (January 26)
Forecast date: January 26 2012.
Time horizon of the forecast: 3 trading days from January 26.
In accordance with the currencies forecast, AUD/USD rose during the session on Wednesday as the world continues to search for yield. The Federal Reserve announced that the interest rates in the United States would remain ultra low until the end of 2014. The Dollar-weakening move will continue to favor commodities, and is especially good for gold, of which the Aussie dollar will often follow.
The higher rate in the Australian dollar will also allow traders to collect positive swap, and as long as the Fed keeps rates this low, this should continue to propel the markets forward.
The full forecast includes prediction for the major world currencies:
- USD/CAD
- USD/BRL
- USD/CHF
- EUR/GBP
- EUR/JPY
- USD/ILS
- AUD/USD
- EUR/USD
- NZD/USD
