In the local press here (Sydney Morning Herald) on the AUD
Some snippets (full piece here at the link)
Australia's dollar is under siege
- from the election
- a trade war
- and a faltering economy
Nomura Holdings advocates a short position ahead of Saturday's general election
- QIC has advised pension-fund clients to sell the Aussie against the dollar and yen
- AMP Capital is equally pessimistic
- "I'd be long dollar versus the Aussie right now with something like the mid-60s a reasonable target," said Stephen Miller, an adviser at GSFM in Sydney and a former head of fixed income at BlackRock's Australian business. "If I were looking for ways to play the trade war, and with growth cooling, shorting the Aussie would be one of them."
Huh.