Why the $A has further to run

The recent rise in the value of our local currency may herald a more sustained recovery.

Summary: The Australian dollar is likely to push higher, with the market seeing a large contraction in short positions and global factors being supportive. The US Federal Reserve is showing a reluctance to hike interest rates and most likely won’t move until 2016, while the euro, which is highly correlated to the $A, is being bid higher amid a recovering economy.


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