The “Aussie” has weakened over the last 4-weeks as it slowly loses its tailwind from soaring commodity prices and if the Yen is gong to act as an accurate barometer the local currency could be moving lower through 2022/3. When we consider our short-term stance on commodities and the $US it’s now hard to become particularly excited towards the $A in the 70c region.
MM is now neutral the $A
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