Saturday, July 2, 2011

Deutsche Bank expects US Dollar to decline the Next Week

Analysts at Deutsche Bank believe that as the Greek parliament approved severe austerity measures needed for the nation to get financial help from the EU and the IMF, the market’s attention will return to American structural problems. The specialists expect the greenback to decline versus higher yielding currencies next week. The bank advises to sell US dollar versus a basket consisting of Australian and Canadian dollars, Swedish krona and Japanese yen. According to Deutsche Bank, one should better stay out of the pair EUR/USD for now.

h4 audusd 18-10

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