Aussie Struggles in Currency Trading

Australian dollar lower in forex trading

The Aussie is struggling in currency trading on the FX market today, moving lower as concerns about the global economy surface -- and as gold prices drop.

Fears about what is happening in the euro zone are weighing on the Aussie. This is a little odd right now, considering the fact that the euro is rallying right now as forex traders wait for the results of a vote on austerity measures from the Greek parliament.

Indeed, other high beta currencies, including the pound and the euro, have moved higher in forex trading as the U.S. session has opened. Aussie is a bit left behind right now as many traders wait to see what's next.

Australian dollar lower in forex trading

The Aussie is struggling in currency trading on the FX market today, moving lower as concerns about the global economy surface -- and as gold prices drop.

Fears about what is happening in the euro zone are weighing on the Aussie. This is a little odd right now, considering the fact that the euro is rallying right now as forex traders wait for the results of a vote on austerity measures from the Greek parliament.

Indeed, other high beta currencies, including the pound and the euro, have moved higher in forex trading as the U.S. session has opened. Aussie is a bit left behind right now as many traders wait to see what's next.