Morgan Stanley say AUD now trading at a significant discount to forward rate differentials, suggests at levels neat 90c are a buying opportunity
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!
About this contributor
Chief Market Strategist, IG Markets
Chris joined IG as a sales trader in 2006, having worked previously at Morgan Stanley, Credit Suisse and Merrill Lynch, gaining exposure to both equity and fixed income trading. After accruing 15 years' experience in financial markets, Chris...
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