Flows Into The Aussie Keep Picking Up

From globalprime.com.au

The Australian Dollar is the top performer as technicals, following a macro breakout of resistance at an index level, and fundamentals, with the US-China trade deal Phase One looming near, aligning as congruent factors supporting the bullish movement seen. The fact that RBA's Governor Lowe didn't sound ready to ease policy in the near term as part of a speech on Tuesday, coupled with in-line Aus CPI numbers, has also benefited the AUD. We shall not forget that 'true risk on' appetite as dominant market dynamics has also been a major contributor to see the outflows in safe-havens (bonds, gold) head into the appeal of ... (full story)