Thursday, October 8, 2009

Speculators are looking for opportunities to buy Asian currencies

After the release of good data on the labor market in Australia pair AUD / USD quickly rushed into the region of $ 0.90 and against the background of enduring interest to profitability continues to slow growth. Analysts say JPMorgan, any downward rolled in a pair AUD / USD will be negligible. The bank noted that buyers couples who wanted to enter the market in the area of 0.8850, now want to open a position near 0.8950. According to the bank's strategy, a small interest in selling a pair observed in the field of 0.9050. Nevertheless, the Australian dollar likely to grow higher and higher in all pairs. RBS analysts hold a similar view, noting the significant weakening of commodity exchange and a greater uncertainty with respect to most major currencies, which forced the speculators to look for opportunities to buy Asian currencies, which still seem to be cheaper and just beginning to grow. Currently, AUD / USD traded at 0.9030.

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