After reaching the two-year high in 0.9645 yesterday, the Australian came back to 0.9600 in early trading in London. This was facilitated by several factors. In the early WSJ suggested that any further quantitative easing Fed will be more hidden than in the first QE, which was more explicit and public. Then, yesterday, shares fell slightly, prompting record profits for vysokobetovym currencies. Finally, relations between China and Japan snapped to attention by threatening an escalation of trade tensions. It would be surprising if Australian started the correction in the coming days, after such good growth.
Translate this page
