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Australian Dollar's RBA Hamstring Could See It Hold Below 0.79 All Year
The Australian Dollar was a straggler ahead of the weekend but could continue to frustrate the bullish side of the market for a while yet, according to forecasts from Rabobank, which suggest Reserve Bank of Australia (RBA) policy could prevent AUD/USD from getting back above even its February high of 0.79 all year. Australia’s Dollar lagged comparable commodity currencies like the New Zealand and Canadian Dollars by a country mile on Friday while also underperforming Pound Sterling and the poorly Japanese Yen, leaving it with gains over only the Euro and a handful of other European currencies. “Iron ore prices ... (full story)