The AUD / USD decline of 2.6% in February turned the Australian into the worst performing G-10 currency, but according to Wall Street, the Australian drops. Over the past few weeks, Reserve Bank of Australia manager Philippe Lowe has mentioned several times that the bank will remain neutral on the issue of interest rates but if we look at the Bloomberg Terminal, despite his words, the likelihood of interest rates remains relatively high.
This means that in the near future, investors will target AUD purchases, confirming Buy-to-Sell and Sell-to-Reality. If we take the ECB as an example, then this proverb means full force.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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