Betting on Australian Dollar strength into year-end remains an attractive proposition for strategists at UBS.
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The Australian Dollar was in recovery mode through the midweek session following news China would likely announce a major fiscal stimulus on the weekend.
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The Australian Dollar is under pressure as markets show disappointment that a Chinese fiscal stimulus has not materialised and a change in tone at the Reserve Bank of Australia's communications.
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It's not too late to participate in the China stimulus rally, and the Australian Dollar is a good currency for this purpose.
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Now is the time to sell Australian Dollars, according to a new strategy note from Danske Bank.
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The Australian Dollar's run of gains extended after rising retail sales suggested the Reserve Bank of Australia (RBA) has less room to cut interest rates in 2024.
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The Australian Dollar is one of the better performing major currencies thanks to hopes of a Chinese economic revival. But it could suffer a setback this week as embedded expectations are challenged…
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