This is not about the USD that is a different topic. I agree with you on what you are saying but the Aussie is up against all currencies. If it was just about the greenback , the Aussie wouldn't now be up over 1% against the euro, pound, yen etc. Also the Kiwi have a much higher rate 3.5% so we don't have the highest rate. This is about the RBA decision and consequently short covering because traders thought we might get another rate cut and now it seems this is it and like always there is fallout.
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This is not about the USD that is a different topic. I agree...
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