The Australian Dollar rallied strongly on Friday as would be expected for a commodities-based currency. If we are correct and last week’s advance in the like of copper is just the beginning then the $A should be set to bounce back towards 70c into Christmas.
- The “little Aussie battler “has fallen further than we expected over the last 18 months, we can see a bounce into Christmas but 70c is starting to look like a major hurdle.
MM is neutral to bullish on the $A into Christmas
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