Shutterstock photo
Markets

Playing Aussie dollar headfake rally

Shutterstock photo

Shutterstock photo

Head fake rally on Monday in Aussie Dollar ( FXA , quote ). Abenomics having opposite effect on commodities and Aussie GDP data was weaker than weak.

Image courtesy Stephen Gibson: http://www.photoxpress.com/search-stock-photos-photographer/Stephen+Gibson/326772 Anyone surprised?

With 3 million lag in commodity prices and

Australian data means it gets worse.

If it gets worse what is this telling us about global growth?

Remember where the Aussie dollar went in the Asian crisis and also in 2009.

In Mach of 2009, Aussie went to .6940. In Sept of 1998 it went to .5940.

Buckle up.

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


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

Other Topics

Stocks