Premium: How high can the Aussie fly?
The Aussie Dollar has had a stormer since the Covid lows last March.
In June last year, we asked how high can the Aussie fly? 👇
For Australia, (and the AUD), all roads point higher in the near term.
Beyond this, much will depend on how brave the world’s policymakers are willing to be...
AUDUSD was trading just below 0.70 back then
Policymakers have definitely been brave with their promises of spending and investment, and the Aussie has enjoyed a strong commodity-driven tailwind ever since, with AUDUSD tagging 0.80 in Feb & currently trading 0.7750.