AUD/USD: on the way to new multi year lows? – Socgen

By FXStreet Analysts at Societe Generale explained that there’s been a lot of bouncing around in AUD/USD.

Key Quotes:

“But for now, after the RBA eased and FOMC-folk tried to get us to price in some hikes., AUD/USD looks set to make new multi-year lows.”

“It is, once again, the standout trade for anyone looking to position for more sluggish Chinese economic data and to hedge for any renewed speculation of another shift in Chinese currency policy.”
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Source:: FX Street