Australian dollar

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MB Fund Webinar: Aussie Dollar Doomed?

WEBINAR LIVE THIS THURSDAY 10th May, 12:30 PM (GMT + 11:00): Is Aussie Dollar Doomed?  Join David Llewellyn-Smith, Damien Klassen and Tim Fuller this Thursday. As they take a look at the uncertain future of the Australian Dollar. – Past trends of the AUD – What to expect from the falling dollar ? – Recent falling dollar, is there

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Why the Petroyuan is no big deal

Via UBS: RMB-denominated oil contracts began trading for the first time in Shanghai on March 26. We believe that in the long term this will ultimately change how oil is traded globally, create a Petroyuan currency flow, increase the role of the RMB as a global trading currency, and compel investors to up their allocations to Chinese financial assets.

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Australian dollar downgrades flow

First Goldman via Bloomie: And ANZ too: With US bond yields pushing higher again and the 10-year yield moving past the psychologically significant 3% level, this has lent support to the USD…during periods when the correlation between the two is high and rising, it tends to last for an average of around two months. Hence,

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Morgan Stanley: “Cheapest ever to sell Aussie dollar”

Via Bloomie comes Morgan Stanley: “The RBA is the furthest away from hiking rates amongst any industrialised countries,” Michael Kushma, chief investment officer for global fixed income, said in an interview in Singapore. “That could allow Australian bonds to continue to do well versus US bonds and other Group-of-10 government bonds.” The RBA is the

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Australian dollar again at the precipice

DXY threatened to break higher Friday night: AUD was slammed: CFTC went modestly short at -10K contracts: Gold fell: Oil too as the US rig count grew again: And base metals: Big miners were mixed: EM stocks fell: Junk too: Treasury yields broke out across the curve: Not bunds: Stocks were hit: And so we

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Credit Suisse: Buy Australian dollars!

From the CS forex team: After a soggy start to 2018, AUD could finally have its time in the sun. The currency has suffered from being a favoured short against Emerging Market long positions, due to its now-low carry and perceived high correlation with the emerging market bloc. But with iron ore prices having seemingly

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CBA still an Aussie dollar uber-bull

Via Forexlive comes CBA: The Aussie may have a “more subdued” appreciation path given that the RBA appears in no rush to raise rates Base case is still for AUD/USD to trade higher towards 0.83 bye year-end Sees the AUD rising thanks to solid economic activities and improving global growth and favourable Australian balance of payments

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Bitcoin sinks to new lows as India applies blanket ban

Via Forbes: There goes India’s cryptocurrency market. The Reserve Bank of India banned banks from allowing people to transfer money from their bank account into Bitcoin wallets. If banks, e-wallets and any other entities regulated by RBI are not allowed to facilitate sale or purchase of cryptocurrencies, individuals will not be able to transfer money