Released on: January 15, 2008, 1:12 am

Press Release Author: finexo gilad

Industry: Financial

Press Release Summary: Increase in gold's worth and the strong economic data took
Australian currency to the level were its being preferred by most of the investors
and had become among one of the favorite currencies.

Press Release Body: Increase in gold's worth and the strong economic data took
Australian currency to the level were its being preferred by most of the investors
and had become among one of the favorite currencies. As Record gold worth led Aussie
to new highs, the expectations grew for the increment in interest rates by the
Australian central bank, which will yield gracious returns and will fascinate the
market players towards it.

According to the www.forexwebtrader.com report which reveal the fact that it's at
the highest, recently trading at 2 month high of 0.9014 versus the US dollar, and
four day high versus euro at 1.6519. Many of the investors have an eye on the
December retail sales data and inflation data by the coming of the day as any down
fall in the retail sales or the consumer spending will mark a negative effect on
the growth of the dollar and various other currencies. The Australian dollar
however is on the trend of hike against its European and US complements.

In contrast the US dollar went to new lows after the federal reserves attempts to
take aggressive steps in favor of US economy against the housing slumps this
increased the expectations of the investors for a further decline in the rates by
50bp which will wash off the 0.25% gain which dollar enjoys over the euro and can
even take dollar to the further weakness in the coming span, that can also take US
economy towards negative way upon its growth aspect. The dollar recently is at a 7
week low versus the yen and euro on the concerns of falling interest rates that can
take the economy to a step ahead towards recession. Which will intensify the fed for
further rate cut.


The market player's are on the watch that how much the financial credit crisis is
damaging the bank and fuelling the factors for recession. Forecasting the key
factor, which is considered as a tool for speculation in the currency market is
particularly based on the financial credit policy and the availability of sufficient
funds in the economy which are the key factors that drive the vehicle of the
economy.

Gold on the other hand is on the new move of 914$ on account of decline in the US
interest rates and its being considered to be dearer in the coming span. It has also
pulled most of the investors and market players towards it bestowing them with the
opportunity for high returns. It had also made itself the most preferred and has
record high amongst most of the major currencies of the world.


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