If the history of the Australian dollar in the last 12 months in addition to the S & P-500 chart is the overlap vibrations. You can see from the chart below, the two lines zig and zag almost perfectly in unison. It seems that in the second quarter of 2010 was it a slight break, but this is an illusion, because the Aussie and S & p continues to rise and fall in the same pattern in this period time differ only in range.
Because the S & P-500 is a pretty good proxy for risk can it be said that this is the investor in the Australian dollar to a manifestation of risk appetite. If risk aversion was high, the S & p and the Aussie were low. If risk tolerance picked up, she rose. It's funny how it came to be.It is probably best as a holdover from the credit crisis, where investors equally separated assets into two classes: risky and safe.If consider the performance of the Australian dollar, is pretty clear which side of the dividing line was made.
This is probably fair as the Australian dollar of a growth currency is ist.entsprechend of just published Bank for International Settlements (bis) triennial Central Bank survey of foreign exchange and derivatives market activity, the Australian dollar now the fifth strongest currency traded (behind only the G4: dollar, euro, Yen, & pound), having usurped that position from the Swiss franc. In 2010, 7.6% (from a total of 200%) of all trade made it, mainly as a result of trading in the USD/AUD currency pair, the fourth was popular in Forex.
Investors have come, the Australian dollar in somewhat contradictory terms to see. It is stable and liquid, but its economy is unpredictable and inflation is generally above average. The current economic situation was strong, with GDP growth, more than 3% in 2010.Its benchmark interest rate (4.5%) is the highest in the industrialized world and touch 5% before the year past ist.Auf of the other hand, political situation is currently uncertain, thanks to a choice which produced a hung Parliament and the recent resignation of his Prime Minster. In addition, while its trade balance that is currently in the surplus fell in July thanks to reduced demand from China. Analysts question me, whether it is entirely dependent on China (exports) directly and indirectly on high commodity prices to generate not too positive GDP growth.
Ultimately, investors take care not to any of diesem.Sie only worry whether the global economy is stable and whether a further financial/credit/economic likely crisis.Although such a crisis will probably spare Australia, Aussie even the hint of the crisis is punished because Australia perceived as riskier than the USA, for example, to invest."The Australian dollar will be hard to stay not insecurity markets as" summarized JP Morgan.
Unfortunately it is not currently the nuances of trade statistics analyze value and monetary policy, because it makes my work easier no influence on the Aussie, but at least this has for the moment is the Australian dollar to check if it looks like the global economy (particularly in the United States) avoid a double-dip recession, wird.ansonsten it for the same rough stretch as of the S & P.
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