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
Pepperstone
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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Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
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