The Aussie Battlers guide to battling the Aussie Dollar Trade

Our largest profits for March (and the year so far) was our long Aussie dollar trade. Not many said that could be done! But we battled our way through, in what was a tough month for Global Macro Investors broadly. When we went long at the start of January I think we were the only ones calling a move higher. Fortunately we caught the bottom, at around 0.68. The Aussie now it sits at 0.765 and we are sitting on a large gain and remain long with 7% of our portfolio on the position. But how is it looking now? For every currency trade, there is obviously two sides to the pair. What we focus on is how the Australian economy is looking relative to the U.S, so that we can execute an AUD trade against the USD. We feel it is a mistake to trade a currency based on a single economy alone - it is just is not that easy! Read more... (VIEW LINK)