UBS wealth management in Singapore say the Australian dollar is once again coming into favour on expectations the RBA won't cut again
Says Kelvin Tay, regional chief investment officer
- "The interest in the Aussie dollar has picked up again recently because it is more or less stabilizing at 70, 71 U.S. cents"
- "As an alternative to the local currencies in the region, it's not too bad to consider the Aussie"
- "There could be some downside risk to 68 cents, but anywhere at 70 or slightly below, that's a pretty attractive level to get into"
- "70 is a very strong support level"
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I'm doing some catch up while we wait for the BOJ