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[QUOTE="Vistabrokers, post: 77770, member: 32993"]
[B]Vista Brokers: Aussie Continues to Lose Ground[/B]

[IMG]http://i072.radikal.ru/1502/8c/08341d64a28d.jpg[/IMG]

On Monday, the Australian dollar declines against the US one after Friday's strong data on the US labor market, as well as the latest statistics from China. Vista Brokers analysts note that on Sunday in China was published the weak data on the trade balance, import and export. Particularly, in January the volume of import decreased by 19.9%. Exports also fell by 3.3% against the expected growth of 5.8%. Data weighed on commodity currencies and the Asian stock market.

According to analysts, the outlook for the Australian dollar in the long term is now being reconsidered. So, the National Australia Bank lowered its forecast for Aussie at the end of 2015 to $ 0.7400 from $ 0.7800. However, experts consider a scenario in which the currency will fall below $ 0.7000.

NAB also expects at least one more rate cut by the Reserve Bank of Australia this year. RBA Governor Glenn Stevens, speaking on the presentation of the Bank of China in Sydney, preferred to avoid the issue of monetary policy, without giving the market new reasons for excitement.
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