commodity monetary level of popular Australian dollar uptrend continues to absorb
AUD momentum such as Rainbow, once 1.0345 Australian dollar against the US dollar level, since the free floating exchange rates began a 29-year high. Although the Australian dollar has reached historical highs, analysts remain optimistic about the Australian dollar, as it is the spread of global funds, commodity currencies will continue to be popular, AUD strong rise again, looking 1.07 bn in the second quarter, are level to absorb. Hong Kong commercial reported reporter Chen Wei
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Yen exchange rate continuous sixth day go fell economic expected boost risk preference G20 Nanjing meeting does not on exchange rate Japan earthquake Hou investigation display economic status deterioration dollars fell fell over reverse predicted when cashed Greek Portuguese rating then was cut Europe debt situation tension AUD on dollars create 29 years high Japan the shouldn't spent reserves [RMB premium][market Center]funds flood push rose commodity currency
funds flood is led recently AUD rose of main causes , Chief Analyst Mark Wan Hang Seng investment services pointed out that the United States second round of quantitative easing (QE2) invested US $ 600 billion, end of June this year, Japan to rebuild their homes and join the ranks of the quantitative easing policy, after equity injection into the financial system a lot earlier, more plans will soon be adding push budget of us $ 30 billion to help rebuild, reconstruction is expected to consume 250 billion dollars in the market. Since Japan does not have too much money, the deficit is also very serious, so put in reconstruction funds believe will come from bond, it is expected that "the package" bond is Japan's Central Bank, Japan silver paper to buy debt is to be printed.
he added: "when the United States continuously printed bank notes, Japan has continued printing bank notes, global capital will flood, is no longer worth the money and asset prices will rise, natural push up commodity money, Australian dollar can benefit from. "
the second quarter rose to 1.07 or level
mark Wan optimistic about the Australian dollar, quarter targets $ 1.07 recommended investors buy at the current level. He also reminded investors, the worries of European debt crisis continues to affect the prospects for a $.
, Assistant General Manager of Hang Seng Bank and head of private banking and trust services Lu Tinglong is also optimistic about the Australian dollar long term performance, because the tenor of Australian economy than the United States, and domestic and rich resources, benefit from inflation coupled with high interest rates, now Australia benchmark rate to 4.75%, far higher than in Europe and America, to attract capital inflow, tumbled opportunities is not high. In his view, every adjustment can absorb.
a $ technical level is super buy
at the same time, analysts believe the Australian dollar uptrend in the near future too hastily, has super buy. Australia New Zealand Bank head of currency strategy Grant Turley believes that, if the market started to believe that the Fed will tighten monetary policy, Australian dollar will weaken. Canada Royal Bank strategist Sue Trinh warning from the technical level, the Australian dollar is in a State of Super buy, although some people believe the Australian dollar was affected by a large number of mergers and acquisitions funds into Australia supports, but these are only short-term effects, at this level, Australian dollar may be down, falling to a count.
