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HSBC: Australian dollar to fall to 70 cents by year end

July 13, 2018 - 16:19 -- Admin

Via HSBC: USD rally to continue as the Fed tightens; Other central banks have delayed hiking creating asymmetric risk for the USD; Tumbling emerging markets are adding more upwards pressure the USD, and Neither USD valuations nor positioning is yet stretched. I would add a slowing China, falling commodity prices (especially bulks which are weakest in the

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