The Greenback continues to slip lower in line with the softening of inflation fears while the $A is slowly gaining traction as recession fears dissipate, even if MM is correct and bond yields do have another attempt on the upside we now feel the $A has found or is looking for a low.
- The $A has been on a choppy downward ride for the last 18-months but we feel the dial is slowly turning.
MM’s is bullish the $A targeting the 75-76c area
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