Tuesday, May 9, 2017

We have been bearish on the AUD for a while, calling for a correction since Mar. F





FX Tech Flash
by Saktiandi Supaat


FX Research





We have been bearish on the AUD for a while, calling for a correction since Mar. For those that attended our presentation at Invest ASEAN, you may have noticed that it was intended to be a 3 month view. AUDUSD has since come off due to a sharp iron ore sell-off that has erased all the metal gain since last Nov. The risks of losing its AAA-rating and increasing divergence of RBA’s monetary policy vs. fellow antipodean RBNZ had AUD sold against the NZD and even against the weak USD...

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