Morgan Stanley say AUD now trading at a significant discount to forward rate differentials, suggests at levels neat 90c are a buying opportunity

Chris Weston

Morgan Stanley say AUD now trading at a significant discount to forward rate differentials, suggests at levels neat 90c are a buying opportunity. They also see GBP at a premium, thus suggest selling GBP/AUD above 1.81 (can sell at 1.8136 now), stop at 1.83 and target 1.74. They are fighting a very strong trend!


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