It bounced pretty hard with stocks. No real need to hold the AUD because interest swaps are now negative and going to get worse as the USD rates go up. It costs to be short at the moment and long and could change if the next rate hike is up for USD. Needs acceptance below 70c to be negative. There is a greater risk of it going to 73c then 69c if it stays above 70c.
Price at posting:
1.4085 Sentiment: None Disclosure: Not Held
