forex news - U.S. Bailout Expectations Help Down Under Currencies in Forex Trading

Aussie, kiwi do well in currency trading — for nowRight now,

things are looking pretty good for down under currencies in forex trading.

The Australian dollar and the New Zealand dollar are both making gains against the Japanese yen as risk appetite makes a tentative appearance and high yielding currencies get a little more play.

Stock markets help down under currencies in forex trading

One of the main reasons that the Aussie and the kiwi are doing so well right now in currency trading is due to the fact that stock markets are turning toward optimism.

With talk of bailout in the U.S., there are hopes for economic stimulus, and that is fueling investment in the stock market right now.

Because they are currencies that rely on the global economy, the Australian dollar and the New Zealand dollar are likely to see a bounce as hope returns for economic recovery led by the U.S.