But when I do, I prefer to take a US-centric approach.
AUD/CAD has been battered this morning and my mile-high view (I’m referring to my vantage point, not my state of consciousness…) is that the market is betting that in the near-term the US economy will pick up a modest head of steam while China will feel some headwinds.
AUD is linked at the hip with China and CAD with the US, of course.
Just a thought…
