Tuesday, February 2, 2010

Citigroup sees no reason to change the forecast for the Australian dollar

According to currency analysts Citigroup, the Australian dollar's decline since the adoption of this decision the Reserve Bank of Australia to leave interest rates at current levels, could be a good opportunity to buy the currency. As noted in the bank, a common interest in risk seems to be improving, and a serious bias position is not observed. Investors began to close long positions in the Australian dollar before the meeting. However, the bank believes that while there is no reason to abandon a positive forecast for the Australian currency.

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