The Aussie is ripping again today, even as commodities threaten the third level of Hell (on their way to the seventh):
It’s powering against the US dollar, launching against the euro and well outdoing the other commodity currencies.
I could go into the five drivers again but there isn’t much need. This is largely a technical move. There’s been a little rebound in oil and copper and metal markets may be set for a dead cat bounce. Captain Glenn has lost his jawbone as well, from the SMH:
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