See the latest Australian dollar analysis here:
Mixed emotions when I have to extend the scale on the rhs of one of my regular charts, but just had to do it today. AU-US 2yr swap spread negative for first time in 16yrs and I suspect I may to have to extend rhs axis again mid next year?
The axis will run deep! Next up for inversion, straight yields, the spread on which fell to just 2bps last night.
Australian dollar toast!