the "Hong Kong commercial daily news" Greece debt problem again caused concern in the market, but investors seem to have information used on the European debt crisis, EUR/USD at the level of us $ 1.4 stable in the near future and is vulnerable after the rebound, hovering between $ 1.42 to $ 1.43. Other hand commodity currencies the Australian dollar against the US dollar has chonggao to us $ 1.1 level down, analysts believed that signs of slower economic growth in Australia, Australian dollar short on the difficult breaking 1.1 m high. Euro Australian dollar trends downward, some analysts suggested sold in batches, first note may consider a $ 1.34 level to sell. Hong Kong commercial reported reporter Jian Nisi
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according to Last year Greece foreign debt per cent of gross domestic product (GDP) 142.8%, 10.5% per cent of GDP fiscal deficits, Euro Group President Juncker said Greece may have to restructure the debt, but against the massive restructuring. Outside the eurozone apart from continuing to resolve debt problems in Europe, are experiencing inflation in the eurozone, 2.8% April consumer price index per cent growth in the eurozone, reaches highest level since October 2008. Even Greece, and Ireland, and Portugal still embroiled in countries such as the debt problem, but face strong inflation figures of European Central Bank take measures to deal with inflation, to curb inflation. ECB on April 7, raising interest rates by 25 basis points, Euro rate rose to 1.25%, the interest rate for the first time since in the middle of 2008. ECB President Trichet has said, prices upward risk, and highlights the commodity prices were major factors fuelling inflation, inflation expectations are subject to control. But he will be exercising strict control over inflation, not rising prices lead to second-round inflationary effects.
BMI State leagues, meeting senior Vice President Eric Chan Chun fund management that pointed out that restrain inflation will raise interest rates in the eurozone, for Mr Trichet is a problem, because higher interest rates would increase the national debt burden of the debt crisis. BNP Paribas currency strategist believes that Greece problem delays and risks faced by the country's debt restructuring in the next few weeks would have suppressed for euro trend. Chen Jianhao believes that investors blindly the message on Europe debt crisis, but the problem has not resolved, on the euro movements have a certain pressure. He thinks the euro against the dollar in the 1.38 level support, investors can absorb around 1.36 per cent level of the euro.
a $ worn high on the short term is unlikely
one hand goods currency Australian dollar to 1.1 m. O interest stored line on November 2, 2010 rose 25 points, to 4.75%, there has been no change in interest rates.
according to the summary of the May meeting showed that o stored row may raise interest rates to curb inflation. O Chu Hang said flood-affected. First quarter inflation higher than expected, inflation is expected to bottom out, core inflation may be higher in the coming years to 2% per cent. And there were signs of slowing down economic development, o Chu Hang says, because of the mining sector production by flood damage, economic growth may occur in the first quarter, the housing market remains weak. Eric CHAN, believes that short-term o stored-pressure line of interest rates is unlikely, the fastest by August or have a chance to raise interest rates in the fourth quarter. Due to the interest rate is very low, after 1.1 level test on the Australian dollar, Australian dollar and little chance of breaking highs, 1.07 rate value of Bo is not high. He estimated a $ 1.08 per cent fall on interval, he suggested that the Australian dollar at the level of us $ 1.02 to absorb.
euro against AUD cross disk trend are down, Chen's think, AUD can run win euro, due to Europe Central Bank interest rate in 1.25%, and o storage line interest rate for 4.75%, both exists income difference, upgrade AUD of attractive, and eurozone of Portugal, debt problem will gradually emerged drag euro performance, he think can sell euro buy AUD, now euro against AUD trend down, investors can min two times sell goods, first in 1.34 sell out, and second times in 1.37 level sell out.
