Daily Forecast - 30/11/2009

29 November 2009 @ 04:26 pm EDT

:: Australian Dollar: The Aussie dollar declined rapidly on Friday as concern in Asia over another blow out in credit spreads from a possible Dubai World debt default rocked the high yielders. After opening on Friday near 0.9150 the AUD momentarily hit a low around 0.8950 in early European trade before finding some support to settle back above the 90 cent handle. This morning sees the Aussie dollar exchanging around 0.9070 ahead of a big week in local data releases with the highlight being tomorrows RBA interest rate decision and Thursdays Retail Sales.

For more information, go to www.ozforex.com.au

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