Wednesday, August 25, 2010

The uncertain situation in the Parliament of Australia Australian dollar returned to New York minima

The uncertainty shrouding the near future, limit AUD for growth. The main theme of
Friday's session was the depreciation of the euro to a minimum the current month. The reason for this movement was forecast to fall by France's GDP in 2011 to 2.0%, and further expansion of sovereign bond spreads in Europe. In addition, the ECB council member Axel Weber made a rather bearish comments, saying that the service is unlimited credit will remain open until the end of the year. The dollar generally enjoyed good demand, as the market remains concerned about weak economic data, which have recently come from the U.S.. On this day in the U.S. was not planned data, which could cause a reaction in the markets, so the direction was determined by adjusting the positions in anticipation of output and the dynamics of the bond market.

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