Monday, June 15, 2009

AUD / USD declines against the backdrop of the overall strengthening of the dollar

AUD / USD holds above 0,800 level in early U.S. trading session after the fall of the company with the euro / dollar. Downward trend was the result of a general strengthening of the dollar across the spectrum of the market and the tendency to abandon risky assets against the backdrop of falling stock markets. Changed on the dollar and stocks also increased pressure on commodity markets. For example, spot gold and oil have been under pressure, which also can be considered a negative factor for the Australian dollar. Today, the Australian newspaper writes that the RBA might be forced to again lower rates to ease the plight of the banks. Given the weak technical picture, AUD / USD could test the level of 0.7935-50.

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