December 20, 2010

Australian Dollar Is Fully Valued. Not Advocating Long Positions.

“While the Australian dollar has good fundamentals in terms of interest rates, its valuation means we’re not recommending buying it at the moment. The same goes for the New Zealand dollar.”

Bilal Hafeez, head of currency strategy at Deutsche Bank AG in London

Related: CurrencyShares Australian Dollar Trust (NYSE:FXA)

No comments: