Content preview:
The game in heaven (3)
In fact, if Rong Zhijian is wise enough to invest in foreign exchange derivatives, we can find signs that the Australian dollar will depreciate before signing the contract.
Since mid-July 2008, the Australian dollar has suddenly fallen sharply. Nearly a month later, in August, almost all the gains since the beginning of the year were erased. Based on the closing price of Australian dollar in July 13, as of August 25th, the Australian dollar was quoted against the US dollar, with a drop of up to one month.
Although the central bank of the Reserve Bank of Australia verbally expressed the statement of keeping interest rates unchanged, the Reserve Bank of Australia predicted that inflation would fall below 3% by 20 10. With the weakening of demand, the Fed's tough monetary policy stance will be eased, and the market's expectation of interest rate cuts will become stronger. In August 1 1, the Reserve Bank of Australia announced its monetary policy statement, which further enhanced the expectation of interest rate cuts. He also said that economic growth seems to have slowed down significantly, which will be enough to push down Australia's inflation rate and expand the space for the Fed to relax its interest rate policy. The market began to expect the Reserve Bank of Australia to cut interest rates by at least 25 points in September.
Karam, head of global foreign exchange strategy at Standard Chartered Bank Singapore Branch? Callum Henderson and Lehman Brothers foreign exchange strategist Steven? Steven Englander is not optimistic about the future trend of the Australian dollar. The Australian dollar has ...