UBS AG (NYSE: UBS) predicts hard times for Australian dollar

UBS AG sees the Australian dollar weaker

In brief: New challenges await the Australian dollar in the foreseeable future, - UBS AG (NYSE: UBS) analysts say.

UBS AG (NYSE: UBS) did not believe in the Australian dollar. Australian dollar showed growth last week, as Australia announced a record trade surplus thanks to strong demand for coal and iron from China.

However, according to UBS currency analysts, it is possible that this is good news for Australia’s end. Buy coal and iron, and use them – not one and the same. Some factors indicate that the quantities of raw materials and finished goods in China are beginning to grow again, while leading indicators signal a weakening of growth.

Igor Tringlers
2010-08-15 16:12, Currency news.

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