In May the national currency of Australia being in the bearish trend lost about 7 hundred pips. How soon will the decline be replaced by the upmove?


During the sessions in May the Aussie descended to 97 US cent, but it was unable to puncture a 4-year low and retraced into the opposite direction. The analysts predict the pair�s further increasing.


The growth was conditioned by the news about Greece, where the social survey results demonstrated that in the following elections of June 17 the majority of the country�s population plan to vote for the parties, which are intended to go in line with the credit conditions of the agreement for getting financial aid from the Euro group and the IMF.


During his speech on Monday the head of the Reserve Bank of Australia Glenn Stievens mentioned one more factor aside from the european region threat.


Which is in fact the economic deceleration in China. It is China where the main part of the Australian mining sector exports are directed to. Recently China decided to take measures supporting the economy and 2012 may result in the GDP growing to 7.5%.