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With the dollar's rebound, the Australian dollar parity against the U.S. dollar failed to hold yesterday back to 0.9800 level. Australian dollar on Friday, when the intraday high was reached 1:1, which is implemented since 1983 Wholesale Jerseys China , floating exchange rate Australian dollar reached parity for the first time.
For the Australian dollar's decline in this wave reached parity in homeopathy, most analysts have long expected, since the September date, a well-deserved star of Australian currency, regardless of the dollar's decline Wholesale Jerseys , the risks of rising global stock markets preferred temperature, or the reason commodity prices go higher, and both support the Australian dollar's rise.
On Friday, Fed Chairman Ben Bernanke to speak a new round of quantitative easing, the policy orientation Bernanke once again to strengthen the market position of quantitative easing is expected Cheap NCAA College Jerseys , and the dollar lower against other currencies, in his speech after the U.S. Index Refresh intraday low, the Australian dollar and other non-US currencies rose across the board.
As a commodity currency, the Australian dollar's movements are also boosted by higher commodity prices. Fed expected to restart the quantitative easing, investors turn to gold Cheap Authentic College Jerseys , commodities, etc. for preservation. In addition, analysts believe the dollar is still maintaining a strong reason to the fundamentals of its more stable, relative to other economies, Europe Cheap College Jerseys Free Shipping , Australia once again is unlikely to ease monetary policy.
It is worth mentioning that a tough monetary policy, Reserve Bank of Australia since last October to May of this year, Reserve Bank of Australia raising interest rates has already accumulated 150 basis points to 4.50% level. Despite the RBA pause this month, but analysts believe that the Reserve Bank of Australia rate hike in December is still expected.
One of the world's three major international rating agencies Fitch said recently that compared to other countries with high ratings, the Australian economic growth and public finances still have considerable toughness. This undoubtedly gave the Australian a comprehensive positive fundamentals.
Australia has already said that did not intend to join the ranks of intervention Cheap College Jerseys Wholesale , but analysts point out that an effective stand against the U.S. dollar Australian dollar parity there are still difficulties, owing to the U.S. response to the next on the uncertainty of quantitative easing and the Australian dollar against the yen The decline in Australia's export sector limited the profits.
Dollar extended yesterday's rebound on Friday, analysts believe that this is a G20 meeting of finance ministers before the profits of the stock market bulls.
In fact, the popularity of extreme pessimism in the dollar when the dollar has prompted many analysts began to rebound in risk, if the size of the end of quantitative easing is expected as the current 1 trillion dollars Cheap College Jerseys China , the dollar is very likely upward revision .