Dollar Australia / Dollar ASPembelian
Dollar looks to weaken across the board, AUDUSD target 0.77
The dollar looks ready to weaken across the board. From a macro level the US has to widen the deficits which historically has a negative impact on the currency. All the while inflation is trending higher with copper ready to breakout. Copper accounts for 25% of Australia's exports so a rising copper price is highly inflationary for AUD. For this reason I am leaning bullish on this pair.
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