The Australian Dollar has really struggled over the last 6-months as economists become increasingly certain that a recession is looming on the horizon i.e. the $A is largely regarded as a commodity currency hence it needs China in particular, and the rest of the world, to enjoy some strong economic growth to regain its mojo. Almost every newsflash that China is locking down another city in an attempt to achieve its Covid zero policy sends the Aussie even lower.
- 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
Add To Hit List
