Long Australia… April 1, 2009
Posted by Warren in FX.trackback
…been looking for an opportunity to go long AUD. USD had a sharp rally a couple days ago, and I bot AUD as it started to recover last night. Fundamentally, AUD is a favored currency for shorting USD (e.g. the euro has a long list of problems). For now, it looks like long AUD could provide better exposure to a dollar sell-off than long gold, at least until gold breaks out of its yawning consolidation range.
AUD: 11-month
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