Looking for an opportunity to buy dollars & sell another currency?
Selling AUD presents an attractive opportunity at the moment.
Australia is a currency heavily dependent on commodity flows as well as production of its trading partners.
With the weakness in PMI's out of Asia coupled with Australia's private sector credit remaining a noticeable concern - downward pressure should continue for the Aussie Dollar.
Additionally, real rate differentials are negative currently between the US & Australia - as well as inflation expectations continue to rise in the US - the AUD may experience further depreciation.
Australian equities & Asian equities traded downwards off the weak data which could continue into the near term.
For other trade ideas be sure to check out Quantamize's profile
Selling AUD presents an attractive opportunity at the moment.
Australia is a currency heavily dependent on commodity flows as well as production of its trading partners.
With the weakness in PMI's out of Asia coupled with Australia's private sector credit remaining a noticeable concern - downward pressure should continue for the Aussie Dollar.
Additionally, real rate differentials are negative currently between the US & Australia - as well as inflation expectations continue to rise in the US - the AUD may experience further depreciation.
Australian equities & Asian equities traded downwards off the weak data which could continue into the near term.
For other trade ideas be sure to check out Quantamize's profile
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.