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The Australian Dollar

The Aussie along with copper is largely regarded as the perfect proxy for global growth and in-line with bond yields and the $US it bounced strongly last week. Our view is consistent here, we are looking for an eventual test of 90c in 2022 but whether we’ve now seen the bottom of its pullback from ~80c is still 50-50.

MM’s is bullish the $A medium-term
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The Australian Dollar
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