The US dollar enjoyed a strong “Trump bump” after the election result became apparent, taking the index back to its average of the last 2-years. Second-guessing what comes next into Christmas is hard, leaving us sitting on the proverbial fence over the coming months.
- With Trump emphatically returning to the White House, the short-term direction of the Greenback is a tough call around the 105 area.
MM is bearish towards the $US medium-term
Add To Hit List
The $A has been humbled by Trump’s victory and China’s relatively disappointing stimulus package, but it had already been struggling since testing the 69c level last month. Similar to the $US, the Aussie is back to its mid-point of the last few years, leaving it a coin toss into Christmas.
- We are now 50-50 on where the AUD will travel into/through 2025
MM is neutral toward the AUD
Add To Hit List
