Monday, March 4, 2013

Time to Sell the Aussie Dollar?

Don't you just hate "stale Aussie shorts"?

Of course if the Aussie falls relative to the US Dollar gold and silver prices move higher in Aussie dollars (assuming a static USD gold and silver price)

------ / ------

Todd Elmer, Currency Strategist at Citi thinks the RBA will likely keep rates on hold at its March policy meeting but says there is scope for another 25 bps in cuts over the next 6 months. He thinks there is more ammunition to sell the AUD at this point.

No comments:

Post a Comment