AUD/USD strategy from Deutsche Bank
A fortnight after the US election, we expect continuing weakness in the dollar bloc.
While we would sell the entire bloc against the US dollar, we argue that the outlook remains most bearish for the Aussie.
rising US rates will likely continue to weigh on the commodity currencies, but the Aussie should suffer from the sharpest yield convergence in the next months.
AUD: To lead the dollar bloc lower: 3 reasons to sell AUD/USD – Deutsche Bank
ByAdam Button
Nov 23, 2016