FXstreet.com (Barcelona) - The theme of 2012 in foreign exchange markets has been diversification., but hat may be about to change, says Andrew Salter, ANZ FX Strategist, arguing that "diversification flows in to the AUD may pause momentarily, seeing a base develop in EUR/AUD." Andrew adds: "Growing chances of a solution in Europe implies less reserve accumulation from key central banks, including the SNB, which will be therefore engaged in fewer sales of francs and fewer purchases of euros." For currencies like the Australian dollar, according to Mr. Salter, "implies the absence of a major bidder in the currency." The ANZ analyst notes "this may offer the currency a window to re-align with the ‘traditional’ fundamentals."
Forex Flash: AUD at risk of realigning with traditional fundamentals - ANZ
Fri, Aug 17 2012, 01:00 GMT | FXstreet.com
AUD/USD May 19 at 19:03 GMT
0.9733/41 (-0.05%)
H0.9742 L 0.9727
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
