Australia Votes, Can’t Decide

The Australian Election last Saturday, July 2, has not yet produced a result. Counting is still continuing and it’s down to the wire with the result potentially not known for another 2 weeks! Whatever happens, it seems that a Hung Parliment will be the outcome with neither side being able to form a majority government.

How will this uncertainty affect the Aussie currency? With an RBA decision today on interest rates, and the country’s AAA status being warned of downgrading, the scenario presents an interesting opportunity for Forex traders.

australianvote

If you are trading the Aussie dollar, it’s probably a good idea to keep these fundamentals in mind with whatever strategy you are using. To trial our service, join here – http://www.traderselite.com/special

Good Trading!

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