Aussie dollar slides how far can it fall?

By Emerging Money>,

Shutterstock photo

With Aussie dollar hitting 11 month lows and price barreling towards 1 year lows of .9602 set last June.  This is your target to re-load the gun after taking profits.

Image courtesy Stephen Gibson: I don't see why it doesn't go lower if iron prices are any leading indicator and they should be for Australia whose bread is buttered by bulks and gold.

Typically we see a three month lag from commodities to Aussie economy.  Did you see that China PMI last night.  Ok so only a "flash PMI" but still showing industrial contraction in China.

Negative...not slow, but negative…not stabilizing...but negative.  As goes China, so goes Australia....

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
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