Dollar looks to weaken across the board, AUDUSD target 0.77

1 ביוני 2018

The dollar looks ready to weaken across the board. From a macro level the US has to widen the deficits which historically has a negative impact on the currency. All the while inflation is trending higher with copper ready to breakout. Copper accounts for 25% of Australia's exports so a rising copper price is highly inflationary for AUD. For this reason I am leaning bullish on this pair.