There is no good reason to be long Aussie dollar ,it is good to be short now ,
have a look to our economy ,how many compaies cut the jobs ,last Qantas ,Air Australia closed ,Toyota ,holden and many more
no tourist money and manufacturing is doing very bad our economy suffering from overvalue australian dollars .
but in USA economy is doing verey good now compare to us manufacturing in the Philadelphia region expanded in February at the fastest pace in four months as new orders and sales picked up. Claims for jobless benefits unexpectedly dropped last week to the lowest level in four years. Builders broke ground on more homes than forecast in January.
after all this which currency you will be short ?
AUD Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Held
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