Australian dollar flies into a cyclone
DXY is chopping wood as it clears an overbought condition. I don’t think this is a reversal. AUD has rebounded from its oversold position. It still has CNY support. The twins are crossing. Not a good sign. Metals are still OK about growth. Miners are not. Nor EM stocks. As junk looks very nervous. Long The post Australian dollar flies into a cyclone appeared first on MacroBusiness .
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