With credit markets now pricing in Fed rate hikes the $US enjoyed a fresh bid last week weighing on the Aussie in the process. In the short term this feels likely to continue for at least a few weeks which could see further headwinds for the correlated ASX and in particular the miners.
- We can see the $A testing below 69c in the coming weeks/months.
MM remains bullish toward the $A medium term
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Australian Dollar (AUDUSD) v BHP Group (BHP)
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Australian Dollar (AUDUSD) v BHP Group (BHP)
