Australian dollar a few cannon with a minimum session, but the absence of positive mood on stock markets and the risks of a reduction in long positions in anticipation of the meetings of the ECB and the Bank of England, which will take place tomorrow, as well as a report on the U.S. labor market, which is scheduled for release this Friday, involve the possibility of greater reduction. Barclays Capital Currency strategists point out that such is possible, but in general they prefer to stick to a strategy to buy on the decline. The bank expects that the momentum of fiscal stimulus forever in the coming months that will support the revision of expectations of RBA rate increases, and may put pressure on the Australian dollar, but at Barclays Capital believe that such would be short-lived, given the strong recovery prospects for the developing economies of Asia, the dynamics of which is becoming increasingly important for the Australian currency. At Barclays Capital had forecast for the AUD / USD at the end of the year at $ 0.86 and $ 0.90 at the end of the second quarter of 2010.
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