Monday, April 19, 2010

Aussie Drive to Parity Derailed by Yuan, Rate Outlook (Update2)

http://www.bloomberg.com/apps/news?pid=20601010&sid=abm4uZnTI4z0

The currency is “fully priced,” said Scott Ainsbury, a New York-based money manager who helps invest about $9 billion at FX Concepts Inc., the world’s biggest foreign-exchange hedge fund. “It’s probably time to lighten up,” he said. The Aussie may weaken about 3 percent before rising by year-end.

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