Australian Dollar may continue to rise

Today's data on the labor market of Australia had become a very positive event for the Australian currency, and, while some analysts remain concerned about the prospects for further development of the situation and question the sustainability of improvement, they also recognize that there may be weakening weaker than thought, some market participants . In addition, the markets there is continued growth in optimistic mood, and a further increase in expectations that the worst in this crisis is over, will have positive implications for the Australian currency. ICAP Currency strategists expect the continuation of recovery in risk appetite, which, they believed, would support the continued growth in commodity prices, and expect that the upward movement against the AUD / USD will be further developed in the context than they had forecast at the end of next quarter to level of $ 0.80.