11 Feb 2015
AUD/USD is a sell medium term - BAML
FXStreet (Guatemala) - Adarsh Sinha, analyst at Bank of America Merrill Lynch suggested AUD/USD is a sell medium term.
"We believe policy divergence remains a major negative for the AUD despite the limited follow-through last week."
"The AUD stands out as the most vulnerable currency to the risk of sizeable CNY depreciation, in our view."
"The medium-term rationale for being short AUD/USD remains compelling: we stay short and recommend selling rallies above 0.80."
"We believe policy divergence remains a major negative for the AUD despite the limited follow-through last week."
"The AUD stands out as the most vulnerable currency to the risk of sizeable CNY depreciation, in our view."
"The medium-term rationale for being short AUD/USD remains compelling: we stay short and recommend selling rallies above 0.80."