Nomura Holding Inc. is Japan's biggest brokerage, and it is a holding company with controlling risks in companies that Manner investment and financial services business, recommended today that investors should sell the Australian dollar against the American dollar as the global recovery is losing steam this period and the global risks are escalating.

Meanwhile, Nomura has sold about $20 million of Australian dollar at 1.0325, expecting Aussie is to fall by 98 cents.