(Bloomberg) -- Deutsche Bank AG, the world's
largest currency trader, advised clients to buy the Australian
dollar on expectations it will advance from an 18-year high,
revoking a former recommendation to purchase it on any decline.
``It now appears there is a very real chance of reasonably
straight line move to the 1989 highs,'' John Horner, a currency
strategist at Deutsche Bank in Sydney, wrote in a note to
clients. ``The risks around the rally in the Australian dollar
are that we do not get a dip'' to purchase the currency.
Read more at Bloomberg Currencies News
largest currency trader, advised clients to buy the Australian
dollar on expectations it will advance from an 18-year high,
revoking a former recommendation to purchase it on any decline.
``It now appears there is a very real chance of reasonably
straight line move to the 1989 highs,'' John Horner, a currency
strategist at Deutsche Bank in Sydney, wrote in a note to
clients. ``The risks around the rally in the Australian dollar
are that we do not get a dip'' to purchase the currency.
Read more at Bloomberg Currencies News
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