When I know I’m coming on to post on ForexLive I like to knock together some articles that I read during my trading day. While they are not market movers in themselves they can help to give reasoning behind why markets are where they are. In the case of AUD/USD much has been said that the investment boom is coming to an end in Australia. Plenty of calls have gone out that we should be trading sub parity yet here we still are, well above. In this article, with Chinese investment Australia is looking to become the worlds largest supplier of LNG.
PetroChina to Invest $3.7 Billion in Australian LNG Projects