🦘🦘 Aussie Kangaroo Returns Home In The Outback

2023年10月17日

The Australian dollar has been taking a bath. It’s gone from buying 71 US cents at the beginning of the year to netting you just 63.3 US cents against the benchmark greenback.

The dollar is down over the last year against most currencies, and down over the past few weeks against almost every currency.

The humble Aussie dollar is suffering in particular against European currencies: Pound Sterling, the Swiss Franc and the Euro.

However, even in Japan where the AUD is up over the year so far, it is down in recent weeks.

What’s going on? The answer is two-fold.

👉 America’s economy is stronger than expected. And China is weaker, so Chinese yuan has little to no chance of dethroning the US dollar, even as global de-dollarization happens.
👉 Australia gets hit on both of those trades.

Difference between 10-Year United States and Australian Govt Debt becomes lower



Technical graph for AUDUSD indicates that Aussie has a lot down to deliver.

2024年1月22日

註釋

Jan 22, 2024

China is in rush. But Aussie is still stable for a while..

1月2日

交易進行

January 3, 2025

👉 Aussie drops below 0.62 per USD by the end of 2024, the lowest level over more than last 20 years.
👉 Trading active.