Warning Signs: A Sharp Rush Away From The Australian Dollar And Related Trades
Dr. Duru • Today, 4:04 AM
- The CurrencyShares Australian Dollar ETF has confirmed a major breakdown with three straight weeks of sharp selling.
- Confirming the warning signs, other Australian trades are synchronizing with the plunge in the Australian dollar.
- Rate expectations are not yet confirming any cause for concern, perhaps a last bastion of stubbornness.
- All signs seem to point to a definitive shift in sentiment away from the Australian dollar and related trades - somewhere down under the RBA sighs in relief.