Indications of AUD downsides - John Hardy, Saxo Bank Head of FX Strategy. Looking at the AUDUSD vs
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Indications of AUD downsides - John Hardy, Saxo Bank Head of FX Strategy. Looking at the AUDUSD vs. Australia/US 2-year swaps, Saxo Bank's Head of FX Strategy John Hardy suggests further downside pressure for the AUD, as indicated in the Bloomberg chart. Hardy also believes it might take bigger rumblings in asset markets or a more marked moved in this spread to expand AUDUSD volatility. Hardy will be watching the Australian employment report coming up today, saying it could be a trigger for the AUDUSD's next move. (VIEW LINK)
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