The Australian Dollar has enjoyed a bid tone in recent months, helped in the most part by the weak US dollar. With China’s economy and commodity prices slowly improving, tailwinds are forming for the $A, although a dovish RBA will temper gains in the short term.
- The $A is on track to test the 70c region into Christmas, the path is not easy to foresee, but the fundamental picture is improving steadily.
MM is bullish towards the $A medium/long term
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