According to analyst RBC Capital Markets, expects the Australian currency drop against the Japanese yen and U.S. dollar. Last month Australian dollar has strengthened against the background of expectations of a decision on interest rates, higher commodity prices and renewed demand from Japanese retail investors. However, analysts believe the Bank of such currency increase in Australia's excessive. Despite the persistence of bovine forecast for the medium term, currency strategists expect the bank since the fall of a pair AUD / JPY to a level of 73, a pair AUD / USD - below 0.80. At the moment, AUD / JPY was at 81.71, AUD / USD - at 0.8404.
Monday, August 10, 2009
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