Wednesday, June 24, 2009

Goldman Sachs recommends buying Aoussa against yen

Currency strategists from Goldman Sachs Group Inc. recommend buying the Australian dollar against the Japanese yen on expectations that central Europe and the United States will keep rates low, thus creating a demand for high-yield assets. Experts Goldman Sachs suggests the goal for the recommended long positions on the level of 80.00, while noting that the long positions must be abandoned if the Australian dollar to fall below 74.00 yen.

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