Monday, July 20, 2009

Mizuho: What currency will benefit from increased "appetite for risk"

According to analysts Mizuho, the British pound, Australian and Canadian dollars for this week will continue to grow due to good reports on the income of American companies and economic data, exceeding analysts' forecasts. These factors have increased interest in risky assets. The Bank believes that "the dynamics of the British pound reflects expectations about the banking industry in the world economy, the Canadian dollar has a close relationship with the sentiment in commodity markets, and Australian Dollar is the most high-yield among the major currencies. Japanese yen this week, will remain in the background."

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