SG says sell AUD/USD rallies, target 0.68
A brief snippet from a Société Générale overnight note:
- It still pays to sell rallies
- target 0.68 on combo of 1Q wages and China April data.
- Coup de grace tomorrow if employment disappoints
- RBA summer rate cut in play?
Earlier AUD related posts of pertinence for the session ahead:
- Australia jobs report preview (risk of more negatives for the AUD)
- Australian labour market report due Thursday 16 May 2019 - preview
Australian labour market report due Thursday 16 May 2019 at 0130GMT - preview