The AUD/USD pair advanced last week on the back of the weak U.S. dollar, where the risk appetite returned to the financial market before the end of the
AUD/USD Forecast Dec. 27, 2011, Fundamental AnalysisThe AUD/USD pair advanced last week on the back of the weak U.S. dollar, where the risk appetite returned to the financial market before the end of the year, which supported Aussie.
However, the main trend in the market is still for further gains for safer assets such as the yen and the greenback, and this current break does not mean that the financial market got over the problems and disasters, as the escalating debt crisis is still the current predicament.
On Tuesday at 15:00 GMT the U.S. economy will release the Consumer Confidence for December, where it’s expected to rise to 58.5 from 56.0.
