27 Jul 2015
AUD is the worst performer of majors - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the Australian dollar is nearly in free fall it appears.
Key Quotes:
"It was the worst performing of the major currencies, losing 1.3%."
" The sell-off in gold and copper, disappointing economic data from China, and the continued verbal pressure from the RBA Governor sent the Australian dollar to the $0.7265 area."
"It began the month near $0.7700. There seems to be little in the way of technical obstacles until closer to $0.7000."
"Initial bounces may be limited to the $0.7330 area."
Key Quotes:
"It was the worst performing of the major currencies, losing 1.3%."
" The sell-off in gold and copper, disappointing economic data from China, and the continued verbal pressure from the RBA Governor sent the Australian dollar to the $0.7265 area."
"It began the month near $0.7700. There seems to be little in the way of technical obstacles until closer to $0.7000."
"Initial bounces may be limited to the $0.7330 area."