Australian Dollar to Come ‘Under Pressure’ on Rates, RBS Says

Enivid

Administrator
Staff member
Nov 30, 2008
18,716
1,393
144
Odesa
www.earnforex.com
The Australian dollar will come under pressure in coming months amid speculation the central bank will lower interest rates further, according to Royal Bank of Scotland Group Plc.

Australia’s key rate “will fall to 2 percent and the aussie will encounter significant yield advantage compression in the second half of this year,” currency strategists at RBS wrote in a note today.

RBS said it is sticking to its near-term target of 74 U.S. cents for the aussie, “but equally we see this rally above 70 cents unsustainable on a medium-term forecast.”

From Bloomberg News.
 

2jessica

Active Trader
Apr 22, 2009
2
0
32
My advice would be to defer the uni, buy gold with the uni loan money and get wealthy s the gold price goes from 850 US per ounce to over 1000 very very quickly.As a better strategy, fixed spreads are convenient for the trader unlike the variable that inflates transaction costs for the trader at critical times.
 
Last edited by a moderator: