Prashant Newnaha
Prashant Newnaha
australian certainly dollar flows imply looks sell side stronger succumb
It certainly looks as if the U.S. dollar may succumb to sell side flows this week. This should imply a stronger Australian dollar.
australian case catch cents dollar favor fed given historical loses momentum provide recent relationships rise sharp shown trading
Historical relationships have shown that the Australian dollar should be trading around 85 cents to 90 cents, given the recent sharp rise in gold. It does provide the case for the Australian dollar to play some catch up, particularly if the Fed rate-hike momentum loses favor with investors.