Test / We are now bullish the $A

By Market Matters 29 March 19

We are now bullish the $A

This is definitely our most contrarian call, especially as both Australian and NZ 10-year bond yields plummet to fresh all-time lows. However in our opinion much of the bad news has already been priced into the local currencies 35% decline since 2011.

MM is bullish the $A calling the next 10c move to be on the upside.

Hence we are very wary of a significant exposure to $US earners over the coming years – we feel this is a very crowded and dangerous trade.

The  Australian Dollar ($A) Chart