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MM thoughts on Australian Dollar ($A)

The RBA were probably forced to remain extremely accommodative by the US Fed’s stance, otherwise the already strong $A would have threatened to burst above 80c faster than our central bank would like. A strong $A makes our exports less competitive and creates a headwind for our companies with large $US earnings such as heavyweight CSL which continues to drift lower.

MM remains bullish the $A
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Australian Dollar ($A)
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