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At the Forex currency market the Australian Dollar rate is moving in the "green" zone in the last trading day of 2011.

Forex forecast: MACD indicator for the pair AUD/USD is moving upward in the negative area and givinga buy signal. Stochastic Oscillator is reversing in the neutral zone and isgiving a similar signal. 

Forex recommendations: in case of breakdown at the level of 1.0170, the pair will go to 1.0180 and 1.0100.

It became known today that private sectorlending in Australia increased by 0.3% m/m (+3.5% y/y) in November against the growth of 0.2% m/m in October.


Volatility in the high-yielding currencies remain high; however interest to risk is not there among investors who arestill in the market a few days before New Year.

It was noted by Australian Central Bank this week, that the country has been fighting against repercussions of European debtcrisis with the help of investment boom: minutes of the last meeting of the Reserve Bank of Australia showed that there is no urgent need at the moment inlowering rate and current steps directed to ease monetary policy is sufficient to support economy.

Observers believe that lowering of the rate of RBA in December was just a safe guard against external negative factors. 

Consumer sentiment index Westpac-MI fell to 94.7 points, -8.3% m/m in December against the value of 103.4 points in November. Business confidence index NAB in Australia increased to 1 point in November against zero level in October. This data is positive at the moment ascurrent conditions have stabilized; however levels of business confidence are still unvaried. It became known earlier that trade balance in Australia fell to +A$1.60 billion in October against expectations of +A$2.0 billion. Slump in the global demand has played its part here as well.

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