The optimistic comments Governor Reserve Bank of Australia that the Australian economy may well emerge from the economic downturn earlier than most other countries, have strengthened the currency of Australia. In addition, pay attention to analysts Westpac, given the overall trends in currency markets, the pair AUD / USD in the near future is likely to test the 0.8400 level. The pair have already reached the 10-month maximum. The breakthrough level of 1.43 in pair euro / dollar may provide a new impetus to the Australian currency. The bank believes that the Australian currency could greatly influence the events of next week, the RBA meeting and the publication of quarterly forecasts. At this time, a pair AUD / USD traded at around 0.8300.
Tuesday, July 28, 2009
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