The Australian dollar against the US dollar AUD/USD stood at 0.65, up 0.40% in the day.
1. Citigroup: If the US dollar is the least popular bull, then the most popular should be the Australian dollar. The decline in the Australian/US brings opportunities to buy bargains. 2. UBS: Given the interest rate outlook of the Reserve Bank of Australia, the Australian dollar will perform "very well" against the New Zealand dollar and other low-yielding currencies in the next 6 months. 3. Julius Baer: Given that the RBA may not cut interest rates as quickly as the US, the Australian dollar is...
The yen fell 0.3% to 107.92 against the Australian dollar, its lowest level since 1991.