Aussie was on a rising edge today on the better investors sentiments, spurred by the recent stock markets growth. Australian dollar gained against both dollar and Japanese yen — its main carry trade counterparts.
Going through the upper average range of the previous week for AUD/USD was significantly helped by the yen depreciation, based on the new wave of carry trade entries. If Federal Reserve will decide to lower the interest rate by 50 basis points to 4.00% tomorrow, the rate difference for AUD/USD currency pair will reach the 2.75% in the favor of the Australian dollar.
AUD/USD is in a
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