Reasons for shorting Australian Dollar?
Australia’s spat with China may spell doom for the Aussie
Caution becomes the narrative rather than light at the end of the tunnel
Support to 2000-2001 area suggests sell-off in the long-term
Selling the Aussie dollar amid a risk-off mode
The virus' economic toll will be significant
China, not likely to "weaponize” its currency
The central bank is ready to cut interest rate again
The decline in wealth effect from housing losses.
Domestic economics are weak, sentiment is negative.
Longer-term policy goals in China involve a degree of sacrifice on growth.
The lower purchasing power of Chinese importers affects Australian exports.
Shaky Sino-Australian relations.
USD is a carry trade ccy and a safe haven at the same time.
Caution becomes the narrative rather than light at the end of the tunnel
Support to 2000-2001 area suggests sell-off in the long-term
Selling the Aussie dollar amid a risk-off mode
The virus' economic toll will be significant
China, not likely to "weaponize” its currency
The central bank is ready to cut interest rate again
The decline in wealth effect from housing losses.
Domestic economics are weak, sentiment is negative.
Longer-term policy goals in China involve a degree of sacrifice on growth.
The lower purchasing power of Chinese importers affects Australian exports.
Shaky Sino-Australian relations.
USD is a carry trade ccy and a safe haven at the same time.