The Australian Dollar Firms As Another Fed-Inspired Over-Reaction Helps To Pause Currency Trends
Dr. Duru • Thu, Oct. 9
- The Australian dollar resumed its rally off recent lows following an initially poor response to a poor jobs report.
- A pause in the U.S. dollar's rally should help to further firm up the Australian dollar.
- Even though it appears the market over-reacted to the September Fed minutes, the Australian dollar should remain resilient without a fresh contrary catalyst (like central bank action).