Forex Zone (Forex Zone)
Currencies  |  December 16, 2010 10:18:08

The development of currency pairs in 2011: The favorite is the Australian dollar.



Each investor balances before the end of the year and reflects the views of the next year. As the main currencies that have the potential to grow in 2011, we see the Australian dollar and Canadian dollar, including the Czech crown.

Most developed countries in the world today continues to hold its interest rates at record low levels, as shown below.   Commodity countries such as Canada and Australia that export raw materials mined in the world, rather as one of the few in 2010 increased its rates.Higher rates attract investors from around the world, and most analysts also agree that commodity prices continue to rise, thus increase the demand for commodity currencies like the Australian or Canadian dollar.

Australia exports large quantities of raw materials (especially coal and iron ore), mainly to China and other Asian countries. Australia alone is estimated increase their exports in the next year by more than 8%, mainly due to increasing demand from China, which still has much room for growth equity market, both increasing household consumption or investment in infrastructure.Due to high interest rates, increasing exports and rising commodity prices is expected to grow the currency pair AUD / USD.

Canada is one of the other major exporters of raw materials (mainly wheat, oil and natural gas), the current interest rate is at 1%. With the advent of inflation, which would be reflected fully in the second half of next year we can expect further rate increases, which should still be higher than those in America or the European Union. Canada is strongly linked to the U.S. economy, and if America drops demand for oil may adversely affect the development of the Canadian dollar.We expect the decline in the currency pair USD / CAD (ie, growth of the Canadian dollar), thanks to commodity-oriented economy and room for further rate hikes.

The following table presents estimates of the International Monetary Fund regarding the future growth of gross domestic product in selected countries and can see that just for Australia and Canada are estimated at the highest growth compared to other developed countries.

View of the Czech crown and the euro can be found at Forex-Zone.cz



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