After a period of political hot potato, Australia gets a new Prime Minister and analysts at TD Securities do not think this changes the AUD’s prospects over the medium-term however.
Key Quotes
“Along with their RBNZ peer, the RBA are the closest thing to currency manipulators in the G10.”
“Paired with the inevitable loss of its yield advantage, rallies towards 0.74 and 0.68 in AUDUSD and NZDUSD respectively should be faded.”
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