DislikedHi folks,
I took a couple of long AUD trades today (one of which was called in this thread, although my trade wasn't based on the particular call). Anybody have any input as to why the AUD is taking such a bashing? Is it AUD weakness or other currencies' strength?
Had a look for news that might enlighten me but can't really see anything.
ThanksIgnored
That's the jist, plus the AUD/USD pair has recently fallen out of a long held up trend line, so that can accelerate losses.
That's my take anyway.