Thursday, September 4, 2008

AUSTRALIAN DOLLAR

The Australian Currency is being undermined by elevated levels of risk aversion and a drop in metals prices.The election result will be watched closely over the weekend and could trigger temporary Australion Dollar lisses.Levels of risk aversion are still liable to dominate in the short term and a further deterioration in credit conditions would under mine the Australian Currency.Volatility levels are liable to remain higher in the short term and there is still the risk of a move towards 0.85 next week

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