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"Bullish Vibes" for Australian Dollar in 2021: Soc Gen
The Australian Dollar is being topped to benefit from "bullish vibes from faster Asian recovery" in 2021 at Société Générale. The France-based based lender and investment bank join peers in a consensus view that the global economy will stage a strong recovery in 2021, benefiting those financial assets that appreciate during times of improved investment sentiment. The Australian Dollar has long enjoyed a positive correlation with investor sentiment, tending to rise when global stock markets and commodity prices are in the ascendency. In particular, Australia's Asia-orientated skew should lead to ... (full story)