The $A is finding some teeth just as many of us are again contemplating overseas holidays, a relief to many who have already seen their overseas spending money fall by ~10% in 2021. At MM we are bullish the $A looking for a solid breach of 80c in the coming years however short term another test of 70c feels like a ~30% possibility, a similar feel to bond yields over the coming weeks.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM’s is bullish the $A medium-term
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