Analysts said Citigroup, the RBA raised the discount rate in line with expectations, however, this does not mean that the Australian dollar will rush up, sweeping away everything in its path. In contrast, confidence in the bank, investors will be cautious, opening long positions in AUD. "Markets are underestimating the potential for further policy tightening, however, the exchange rate is still significantly faster than a 2-year differential in rates between Australia and countries B9.
1 comment:
Broker acmarkets news said AUDUSD unfolded the uptrend and is trying to get over 0.9232 http://files.ac-markets.com/Newsletter/2009-12-01/AlertChart01Dec09_1136.png this is the chart for the currency pair, you think it´s wise to trade this currency pait right now?
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