The $A also remains in sync with bond yields and the $US targeting another break above 80c before MM would adopt a more neutral to slightly bearish stance – a great example of how financial markets act like an interlocking mosaic with a few major pieces dictating where the others fit into the puzzle, the dominant force tends to vary with market mood & sentiment. The $A is lagging overall slightly at present and we feel this is likely to be ongoing.
MM remains mildly bullish the Australian Dollar
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