Could you please explain to me how this may effect AUD pairs. I.e I have a Audcad on a short. do you think this being a long will effect it much.??
Kind Regards.
khansalarehsan
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@danielmulkerrins, Yields and FX are positively correlated. I would not short AUDCAD. I wait for a good spot to long AUDCAD. Let other people take it down
danielmulkerrins
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@khansalarehsan, thanks for the reply and quick info. Much appreciated. I entered AUDCAD 0.96953 on a short about 70 pips in so far, so got a Stop Profit in place. From what you have suggested I think I'll leave it at that and wait for the turn to go back up.
Kind Regards.