Australia: Foreign Exchange Transactions fall 60% in April

May 20, 2010

FXstreet.com (Córdoba) – The amount of foreign exchange transactions fell to 350M in April from 892M in March.

The Foreign Exchange Transaction released by the Reserve Bank of Australia shows the movements of the exchange of the AUD for others, likewise others for the AUD. It indicates the climate of foreign investors into the AUD itself. This event causes volatility in the AUD. Generally, an increasing number of investments is seen as positive prospect of the Australian economy (or bullish sentiment for the AUD).

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