24 Jan 2014
Flash: Stay short AUD/USD - Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale holds a short AUD/USD outlook.
Key Quotes
"I've spent the last couple of days languishing at home with man-flu, and had given up the ghost by the time the FX weekly came out so the link's above. As for overnight news, the plaudits go to the RBA's Heather Ridout, and her observation that the right level for that AUD is around AUD/USD 0.80."
"The market is rushing to oblige. Ms Ridout has form - two years ago she expressed a view AUD/USD should be at 0.90-0.95, when it was trading at 1.08. And just think, AUD/USD 10.80 implies GBP/USD back at 2, and if we'd been there over the winter maybe I would have be able to afford to go and watch England get humiliated on the cricket pitch. We'll stay short AUD/USD."
Key Quotes
"I've spent the last couple of days languishing at home with man-flu, and had given up the ghost by the time the FX weekly came out so the link's above. As for overnight news, the plaudits go to the RBA's Heather Ridout, and her observation that the right level for that AUD is around AUD/USD 0.80."
"The market is rushing to oblige. Ms Ridout has form - two years ago she expressed a view AUD/USD should be at 0.90-0.95, when it was trading at 1.08. And just think, AUD/USD 10.80 implies GBP/USD back at 2, and if we'd been there over the winter maybe I would have be able to afford to go and watch England get humiliated on the cricket pitch. We'll stay short AUD/USD."