Friday, May 15, 2009

RBC Capital Markets: rumors on the restoration of some currencies give an advantage

Improving economic sentiment provoked rumors that the central may raise interest rates. According to analyst RBC Capital Markets, it promotes the growth of the Norwegian Krone, Australian and Canadian dollars. The bank does not expect that in 2009 any of the Group of 10 central banks will begin to conduct a more stringent policy. However, if the idea of improving the situation in the world economy will continue to receive support, Australian Dollar, Norwegian Krone, and to a lesser extent, the Canadian dollar will benefit. Once interest rates begin to rise, the likelihood of these growth rates will increase, strategists believe RBC Capital Markets.

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