The $A has bounced around 10% from its October low, coinciding with a pullback in bond yields and the $US. We can see a test of 70c over the coming weeks but with so much macro news due to cross the newswires this week, it is a bit of a coin toss over the next few days.
- The Aussie looks capable of testing the 70c area into Christmas.
MM is neutral to mildly bullish on the $A around 68c
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