Is The Aussie Dollar On A ‘Downer’ Towards A US$0.50-60 Range?

“Fundamentals would suggest more downside for AUD/USD, but consideration needs to be taken for the US and upcoming events, namely interest rate changes.” He adds: “If the US looks to hike in September or October, the greenback will likely gain, making 2015 levels for AUD/USD unlikely to take a bullish turn above 0.7000.”

Alex Lydall quoted in Forbes

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