Here is a bit up on the Bloomberg web site re the Australian greenback with feedback from Westpac senior foreign money strategist Sean Callow:
- “The RBA is likely to be dismayed by the break of 0.80 however given the commodity value backing is so robust, they need to take some consolation that the A$ does not appear overvalued. It is a headwind, however they noticed worse in 2011-12.”
And related from RBA board member Ian Harper alongside related strains.
The Bloomberg piece provides that:
- A big construct up of choices contracts that give merchants the precise to promote as a lot as A$4.three billion of the foreign money at 79 cents stay in play till Friday, which is prone to sluggish its ascent over the subsequent few days.
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