BBH argues on a sterling and the Australian dollar

Brown Brothers Harriman: The dollar was steady on Tuesday. Its force attribute to growth of expectations of increase in sales of houses in February instead of expectations of falling of an indicator. Data have helped to improve emotional mood of players, but, actually, have not made any changes in the currency market. During too time carry trade continues to put pressure upon yen and the Swiss franc. These are the weakest currencies of the last day. Now market focus is directed on the decision under rates of Reserve Bank of Australia. Many economists are assured, that today RBA will leave rates without changes. If all does without surprises the Australian currency can a little oslabnut, however expectations of increase of rates are saved and will support further aussi. The main area of support is between 0.8030 and 0.7990. Later this week there will pass session under rates of Bank of England. The Central Bank also hardly will raise rate level, but similar fears in the market nevertheless are present, therefore in sterling growth the award for risk is put in pawn. On Tuesday the British currency already attacked 1.9800 and now profit fixing is observed. Returning in a range 1 by the moment of meeting MPC is quite possible. Forexpf. Ru - Forex News / news Forex