24.12.2013- Australian dollar at flat
Quotes of the Australian dollar continue to consolidate above the strong level of 0.89. We expect, that the price will be above this level in the coming days. After reaching the upper limit of the downward channel, the reduction may resume. The fundamental reason for the further weakening of the national currency of Australia, is a soft monetary policy, aimed at the devaluation and stimeluating non-extractive sectors of the economy.
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FXFINPRO Capital Analytical Department