AUD/USD gone through parity for first time this year. RBA likley to cut further.
China tentative to stimulate for fear of bubbles, overheating property market. Euro situation/political instability undermining confidence in global risk assets. Commodity prices falling.
Not a great backdrop for AUD. How much lower is it going to go? Thoughts? Downside targets?
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- how much lower?
AUD/USD gone through parity for first time this year. RBA likley...
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