AUD/USD jumps to new record high today with a strong boost from much higher than expected inflation data in Q2. The data immediately ended the unjustified talk of rate cut from RBA and markets are back to consensus that the next direction in the bank’s monetary policy is only up.
Action Insight (All Reports)
Aussie Strong in AUD/CAD, EUR/AUD and GBP/AUD after CPI, AUD/NZD Depends on RBNZ
With RBA and BOC Diverging, Can This Present an Opportunity to Short AUD/CAD?
Isolating Out Risk Sentiment
The trade idea is to see if we may have a fundamental bias shift underway between the Australian and Canadian Dollars. Both currencies are commodity currencies and move based on similar dynamics in that they strengthen when the global economy is strong and demand fo…
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