Thoughts on EUR, USD and AUD
January 24th, 2019
Relative weak Euro and Asia data.
Stable US economic reports, but risks towards slowing.
The risk of a turn down in the USD remains.
Australian bank funding costs back to highs of last year.
High sensitivity in the AUD towards housing and global risks.
Australian Doom loop?
AUD to remain more highly correlated with global risk factors.
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