The $A is finding some teeth just as many of us are again contemplating overseas holidays, a relief to many who have already seen their overseas spending money fall by ~10% in 2021. At MM we are bullish the $A looking for a solid breach of 80c in the coming years however short term another test of 70c feels like a ~30% possibility, a similar feel to bond yields over the coming weeks.
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Buy Hold Sell: The best and worst performers of FY25
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Friday 11th July – Dow up +192pts, SPI up +27pts
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MM’s is bullish the $A medium-term
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