The Aussie Dollar has softened over recent weeks against the Greenback, as opposed to a broader basket of currencies. With credit markets pricing in Fed rate hikes the $US has bounced and it feels likely to have further legs in the short term, but its not a move we would chase.
- We can see the Aussie testing the 76c area through 2026/7 but in the coming weeks a dip towards 68c wouldn’t surprise.
MM remains bullish towards the Australian Dollar around 70c
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