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Short AUD/USD -RBA Interest rate hike only 25BP, won't beat Fed.
As seen in the video - I am short the Aussie Dollar against the almighty greenback.
The RBA needs to get more aggressive in hiking interest rates, in order to compete with the Fed in the US.
The Dollar USD will continue to be strong against all other currencies as they raise interest rates aggressively and be the defense trade in these uncertain times. Although other currencies will fight to not go lower against the divergence in interest rates against the USD.
The RBA needs to get more aggressive in hiking interest rates, in order to compete with the Fed in the US.
The Dollar USD will continue to be strong against all other currencies as they raise interest rates aggressively and be the defense trade in these uncertain times. Although other currencies will fight to not go lower against the divergence in interest rates against the USD.
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