Wasnt long ago the AUD was brushing off clear signs of a March Fed hike, to surge past 77. Now even off the back of a strong GDP result and Iron Ore prices still hovering just below 90USD a tonne, the AUD gives away to 757.
Highly liquid markets are supposed to be efficient. However, the AUD above 77c - that was inefficient.
Last two days has seen the AUD bulls take a beating
Highly liquid markets are supposed to be efficient. However, the AUD above 77c - that was inefficient.
Last two days has seen the AUD bulls take a beating
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