Australian Dollar Weekly Wrap

May 21, 2011

FOREX, Global Macro

Just published my Australian Dollar Weekly Wrap over at MacroBusiness.

AUD has held up well in the face of last nights sell-off in EUR on the back of concerns on Greece and Spain. More weakness to come by the looks of things for the EUR and we’ll have to see what impact a Greek default, which is becomming inevitable (history tells us that anyway) will have on braoder investor sentiment and risk appetite.

AUD traded a range this week but if AUD gets down through 1.05 look out.

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