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