In January 2023, the Australian Dollar (AUD) reached a four-month high versus the US Dollar (USD), as greenback weakness continued into the new year on forecasts of fewer interest rate hikes by the US Federal Reserve. The AUD/USD was around 0.696 at the time of writing on 20 January, its highest level since late August…
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Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and
may not be suitable for all investors. Before deciding to trade, you should carefully consider your
objectives, financial situation, needs and level of experience. Traders On Trend provides general
advice that does not take into account your objectives, financial situation or needs. The content
of this website must not be construed as personal advice. The possibility exists that you could
sustain a loss in excess of your deposited funds and therefore, you should not speculate with
capital that you cannot afford to lose. You should be aware of all the risks associated with
trading on margin. You should seek advice from an independent financial advisor. Past
performance is not necessarily indicative of future success.
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