persistentone3 Posted May 30, 2014 Share Posted May 30, 2014 This looks like a decent place to go short the Austalian Dollar, in favor of the USD. The basic thesis is that continued weakness in the iron ore market will become a catastrophe as Chinese steel mills start to go belly up. Trade should settle in the 60 to 70 cent range Aussie to US within two years. Can someone argue against the trade, and what about the timing? Are there any short term factors that might give a boost to the Aussie in the next six months? Link to comment Share on other sites More sharing options...
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