Friday, June 26, 2009

Analysts recommend buying the Australian dollar against the dollar and yen

According to analyst RBC Capital Markets, Australia's currency may strengthen against the U.S. dollar and Japanese yen, due to the fact that Central Australia is unlikely to lower interest rates. The bank advised investors to buy Australian dollar against the U.S. currency. RBC Capital Markets analysts also believe best buy Australia's currency against the Japanese yen with a growth-pair AUD / JPY to 82.00. Currency strategists from RBS have similar views and also recommend buying the Australian dollar against the Japanese currency with a view at the level of 79.95. At this time, a pair AUD / USD is at 0.8045, pair AUD / JPY traded at 76.65.

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