Today’s focus …Mind the gap as the NYSE halts trading and busts trades, Vegemite is bid as Aussie CPI hits a 30y high and the Bank of Canada one and done?
I was really hoping the AUD would weaken relative to the USD. I am rather sad. You mentioned .72 (AUDUSD) as a potential next target. Any thoughts from you or other readers if it's likely to move back down or keep rising? Guessing markets are already pricing in a 50bps hike by the RBA on 7th Feb? Thanks :)
Bank of Canada paused....
I was really hoping the AUD would weaken relative to the USD. I am rather sad. You mentioned .72 (AUDUSD) as a potential next target. Any thoughts from you or other readers if it's likely to move back down or keep rising? Guessing markets are already pricing in a 50bps hike by the RBA on 7th Feb? Thanks :)
Check out this article:
https://www.nextlevelcorporate.com.au/nextperspective/independent-corporate-advisory-perth/2023/1/21/mergers-and-acquisitons-private-equity-charts-that-make-you-go-hmmmm
There is a chance that the dollar offers a minor risk-off reaction pre-February FOMC.