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Australian Dollar (AUDUSD) 73.72c

The Australian Dollar is often, along with copper, used as a gauge for future economic strength – over recent months the $A has fallen in-line with bond yields and economic confidence following the emergence of the delta strain. MM is bullish both the $A and “reflation trade” into 2022 implying that iron ore may continue to surprise on the upside.

MM is now bullish the $A medium-term
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Australian Dollar ($A)
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