Friday, July 3, 2009

Westpac: Today Aoussa waiting hard day

Australian and New Zealand Dollar may close the week a record for the past one and a half months of weekly decline against the backdrop of yesterday's flight of investors from riskier assets. Already the third week in succession, these currencies continue to cheapen, and against the yen, due to almost zero chance of raising rates in the next 12 months. "In recent times, the markets were too optimistic and have preferred to ignore the obvious problems of the U.S. economy", - said Robert Rennie, head of currency research Westpac Banking Corp in Sydney. - Friday, are unlikely to become a good day for Asian stock markets and Aoussa.

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