Currency strategists Westpac, commenting on the situation in the AUD / USD, noted that would not preclude the growth of new attempts to pair, but they believe that a return to levels near $ 0.8050 will be attractive to open short positions. The Bank believes that in the short-term Australian dollar may continue to be in demand, but they believe that market participants have taken a great interest too much investment in risky assets and if talk about the medium term, the optimism among investors seems redundant. Westpac expected correction in the AUD / USD below and follow the forecast at the end of September at $ 0.76 and $ 0.74 at the end of December.
Thursday, June 25, 2009
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